tag:blogger.com,1999:blog-8515247115132134144.post4691627102692617475..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: "The Trade of the Decade"Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8515247115132134144.post-63451576036236855112012-07-23T14:04:22.586-07:002012-07-23T14:04:22.586-07:00mab,
If Lenny had bet on his own demise, then he&...mab,<br /><br />If Lenny had bet on his own demise, then he'd be at the top of his game right now.<br /><br />Not his style! ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-54472635121328149112012-07-23T10:04:43.242-07:002012-07-23T10:04:43.242-07:00In all seriousness, I wish we could find a financi...<i>In all seriousness, I wish we could find a financial expert that was always wrong.</i><br /><br />Lenny Dykstra?mabnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-88834256931440645022012-07-21T18:13:37.764-07:002012-07-21T18:13:37.764-07:00In all seriousness, I wish we could find a financi...In all seriousness, I wish we could find a financial expert that was always wrong. We could make a fortune doing the opposite.<br /><br />Unfortunately, it's a bit like trying to bet against a "gifted" astrologer at the roulette table. The only winner over the long-term is the casino.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-69393732257750991942012-07-21T18:05:19.226-07:002012-07-21T18:05:19.226-07:00Mr Slippery,
I believe Doug Kass got the housing ...Mr Slippery,<br /><br />I believe Doug Kass got the housing bubble right. You'd think THAT would be the trade of the decade.<br /><br />He thought he found something even bigger? Oh the <a href="http://en.m.wikipedia.org/wiki/Hubris" rel="nofollow">hubris</a>!!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-62838733973114493942012-07-21T16:13:18.594-07:002012-07-21T16:13:18.594-07:00He really made a Kass of himself, no?
I'm rea...He really made a Kass of himself, no?<br /><br />I'm reading Kahenman's <i>Thinking, Fast and Slow</i>, in a chapter about the illusion of financial expertise. Even with powerful statistical evidence, people in the industry refuse to believe it is mostly luck. But if so, how do consistent losers like Kass stay employed and get media outlets? There are soooooo many consistent losers I can't even count them.Mr Slipperynoreply@blogger.com