[ExI] Status as human motivator

[rebelwithaclue at gmail.com]

To quote Keynes: "Markets can remain irrational a lot longer than you and I
can remain solvent."

KP

On Wed, Apr 27, 2011 at 4:37 AM, Jones Murphy <morphy at alumni.caltech.edu>wrote:

> Shorting is not based on exact predictions at all. All you need to be
> right about is that the stock goes down at some point in the future.
> That's it. If the market is as irrational as you claim, it must
> eventually collapse. All irrationality must collide with reality
> sooner or later.
>
> On Wed, Apr 27, 2011 at 12:13 PM, Eugen Leitl <eugen at leitl.org> wrote:
> > On Wed, Apr 27, 2011 at 11:47:56AM +0200, Jones Murphy wrote:
> >> Why stock up on popcorn? Why not borrow stocks you believe to be
> >
> > You are very easy to troll.
> >
> >> overvalued, sell them at these inflated prices and make long term
> >> short bets, and profit from your wisdom and insight?
> >
> > Because shorting is based on exact predictions. And markets
> > have remained irrational far beyond to make you lose your
> > shorts. But you know that, of course.
> >
> > And of course there's the slight problem of cashing in the
> > plastic chips after Monte Carlo has closed its doors for good.
> >
> > No, I don't own any physical metals.
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