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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (76571)	7/19/2011 11:12:18 AM
From: oldirtybastard	Read Replies (1) \| Respond to of 217789

If you define "cult" as people who do things differently than most, then they are a cult I guess. You are overcomplicating this and making the system or approach out to be the end all whereas it's just a system. Look at it this way: You have a business. You hire the best people you can. You want the people to solve problems and improve themselves. You have a system that over the years has in your opinion through observation and measurable results (correlated or not) allowed them to do this better than most. The people have to be compatible with the system to thrive in it, just like air traffic controllers, floor traders, nurses, and waitresses have to be compatible with their "system" or go find another job. How is this a cult? Keynesianism is a cult, this is just a business that's run how the boss says it should be, like many others and more successful than most. Check their growth in assets and employees over the last 10 years. "Humans don't work that way" because humans create artificial constructs which obscure reality, not an optimized thing with a lot of room for improvement.

To: carranza2 who wrote (76571)	7/20/2011 10:12:25 AM
From: Gemlaoshi	Read Replies (2) \| Respond to of 217789

C2, Interesting comments re:Bwater I see Bwater eventually going the way of LTCM. Interesting that Dalio sees the source of his success as his "rules based trading" expertise. Of course LTCM was also very much a rules based trader, until the rules no longer worked. The major weakness of all such systems is that they are by nature an extrapolation of the past. I found his comments interesting until his logic started breaking down: 1. He believes in the Law of the Jungle; survival of the fittest 2. Bwater contributed to the demise of Lehman Brothers by withdrawing funds (billions) at the critical time for Lehman liquidity 3. Dalio does his tour of the Treasury and White House and is appalled that the gov't would let Lehman collapse It seems to me that the outcome should have been a confirmation of #1. Lehman made some highly leveraged bad bets, got squeezed, and failed to survive. As it should be!