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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (229426)	4/16/2005 10:24:35 AM
From: TigerPaw	Read Replies (2) \| Respond to of 1572208

The market doesn't operate like a large committee. I didn't say it did, but neither does the beauracracy act like a committee. It makes better decisions most of the time because it has better information Which was also my point about large groups. They by their nature have more information because of their size, not because of their makeup or motivation. They simply have more opportunity to gather information than any individual could hope for. It's really the markets ability to act as a herd and not a bunch of individuals which gives it some predictive powers. TP