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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: DMaA who wrote (1441)8/8/2008 12:32:38 PM
From: c.hinton  Respond to of 3816
 
DMA...you can only say that with 20/20 hindsight.

you seem to believe that the idea of another war in the middle east is irrational....

you seem to think that the idea of another google,you tube,or yahoo occurring is irrational.

the only thing irrational is a person believing its bound to happen to him.

look how high the market continued to go after greenspans famous "irrational exuberance"comment in december 1996......in the medium term(4years) being rational would have made you miss out the boom.

in fact ,the whole concept of boom is as much based the irrational as it is the rational....the irrational part involves "exaggerated expectation"of what may be a rational business proposition.