Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (31654)	5/3/2005 5:08:40 PM
From: redfish	Read Replies (1) \| Respond to of 110194

I read somewhere that he is the only economist who ever made big bucks playing the market.

To: Knighty Tin who wrote (31654)	5/3/2005 6:32:13 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

I guess you recall his beauty contest analogy; a contest in which you win if you guess which photograph will get the most votes in the contest. So you don't vote for what you like best, but what you think other peopple will like best. But he was not always right. He was heavily invested at the crash (trying to anticipate anticipations, I guess) and also almost had to take delivery of a shipload of wheat and considered having it dumped in King's College Chapel, Cambridge.