[ExI] Status as human motivator
morphy at alumni.caltech.edu
Wed Apr 27 09:47:56 UTC 2011
Why stock up on popcorn? Why not borrow stocks you believe to be
overvalued, sell them at these inflated prices and make long term
short bets, and profit from your wisdom and insight?
On Wed, Apr 27, 2011 at 11:28 AM, Eugen Leitl <eugen at leitl.org> wrote:
> On Wed, Apr 27, 2011 at 12:14:24AM -0600, Kelly Anderson wrote:
>> I am not any kind of financial expert, so it is entirely probable that
>> I've missed something vitally important in this argument.
> I am no financial expert either, but most of the current trades and
> investment instruments deal with imaginary money. There are very large
> very volatile numbers with no according activity at the physical layer.
> For all practical purposes this is Monte Carlo. (And, hey, pst, most of
> GDP is smoke and mirrors as well. Who knew?)
> And it's been getting worse as we speak. I hope you've stocked up
> on popcorn.
> Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
> ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org
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