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


To: NOW who wrote (54045)2/17/2006 4:55:50 AM
From: Kailash  Respond to of 110194
 
It's too bad smarts don't help much -- the Nobel laurates who ran LTCM messed up precisely because they were smart and thought they could rely on deep regularities in the market. But "there's no econometric variable for lunacy", as UCLA Anderson School's Chris Thornberg put it. The Greeks had this odd concept of hubris -- the idea that the gods are really in charge and men just puppets. Clearly the wrong idea in general, but if the system gets large and complicated enough, it starts approximating a state where control is an illusion. Bernanke might live to feel the vengeance of the Pantheon <g>



To: NOW who wrote (54045)2/17/2006 5:40:28 AM
From: MoneyPenny  Read Replies (1) | Respond to of 110194
 
I scored 1590 on my SATs as well. In my case, this indicated that I was very good at taking tests, nothing else IMO. The significance of the score is that he could attend two distinguished universities, which in turn may or may not help. Money Penny