|
|
Post by socal on Feb 24, 2009 14:41:39 GMT -6
|
|
|
|
Post by thunderhawk on Feb 25, 2009 11:27:06 GMT -6
Maybe these brainiacs should have taken a fucking psychology class.
|
|
|
|
Post by NOTTHOR on Feb 25, 2009 12:41:46 GMT -6
Maybe these brainiacs should have taken a fucking psychology class. And a history class. The brainiacs draw up a new design every few years and the model always explodes. Program trading in the late 80's exploded and triggered the 1987 crash. The can't miss arbitrage model exploded in 1998 causing the LTCM crash (which coincidentally was a trillion dollar hole - imagine if the gov didn't orchestrate that bailout how much more careful people may have been going forward) and then this recent POS model blew the eff up. Call me old fashioned, but I think the world would be a lot safer place in terms of systemic risk if those companies were privately held by a limited group of partners. Dr. Nerdlinger might have been able to convince a few people that he was brilliant, but if you get a bunch of fat old dudes sitting around a table and Dr. Nerdlinger tries to explain his model and convince them why they should put their entire fortune and future earning potential on the line based on his model, more than one of them will call bullshit and tell him to take a hike. People are a lot less careful with other people's money than they are with their own. |
|
