tag:blogger.com,1999:blog-9138994904411225576.post1543187230252979522..comments2023-12-29T00:08:21.051-08:00Comments on fear of a red planet: Karma . .Gilman Grundyhttp://www.blogger.com/profile/06607416440240634159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9138994904411225576.post-16712398452528869662008-11-16T12:12:00.000-08:002008-11-16T12:12:00.000-08:00well written and cogent post..i'll go with michael...well written and cogent post..i'll go with michael lewis's take on the situation too...his best book liar 's poker, pretty much sums up the ponzi scheme taking place since the 1980s. ...those nobel winners,merton,scholes, to name a few, should return thoses prizes by one day air..modernportfoliotheory--efficient markets goes flush down the drain..finance students and profs should chuck a lot of those 'elegant' formulas down the drain which has no connection with the facts on the ground....soros's idea of how the mass perceptions-illusions affects pricing of fundamentals thereby distorting pricing long term is discordent with the dr. swartz's freedom of markets,efficient markets,making the bus. cycle one big dossie doh...as one chap put it : it pays not to know what you should know..<BR/>jeffdonaldch.Unknownhttps://www.blogger.com/profile/03080994836435492450noreply@blogger.com