Comments on: Marginalized Nobel Laureates http://cafehayek.com/2009/11/marginalized-nobel-laureates.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: Justin P http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188686 Justin P Tue, 03 Nov 2009 16:08:00 +0000 http://cafehayek.com/?p=7107#comment-188686 Found it here. http://hotair.cachefly.net/images/2009-03/orszag-fanniemae.pdf Found it here.
http://hotair.cachefly.net/images/2009-03/orszag-fanniemae.pdf

]]> By: Methinks http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188682 Methinks Tue, 03 Nov 2009 16:00:00 +0000 http://cafehayek.com/?p=7107#comment-188682 LOL. Soros makes relatively few but very big bets on hunches. If they work, he looks like a genius. He rarely hedges and I don't think his winning trades are not mostly luck. If you start with a million people who make 50/50 bets, 50% will win every time. Statistically, there will be a handful of people who are always in the winning group. However, in this business, people tend to deify those who win big because most people don't have a firm grasp of probability. An aura develops around them. It's pretty scary to watch. Soros has come to actually believe he knows more than the market. Soros is not stupid, but he is given credit for a lot more intelligence, foresight and intuition than he actually possess. LOL. Soros makes relatively few but very big bets on hunches. If they work, he looks like a genius. He rarely hedges and I don’t think his winning trades are not mostly luck. If you start with a million people who make 50/50 bets, 50% will win every time. Statistically, there will be a handful of people who are always in the winning group. However, in this business, people tend to deify those who win big because most people don’t have a firm grasp of probability. An aura develops around them. It’s pretty scary to watch. Soros has come to actually believe he knows more than the market.

Soros is not stupid, but he is given credit for a lot more intelligence, foresight and intuition than he actually possess.

]]> By: Anonymous http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188681 Anonymous Tue, 03 Nov 2009 15:58:00 +0000 http://cafehayek.com/?p=7107#comment-188681 Better to be potentially dense and not flinging the insult at others than actually dense, unaware of it, and sounding off about how dumb others are. Better to be potentially dense and not flinging the insult at others than actually dense, unaware of it, and sounding off about how dumb others are.

]]> By: Methinks http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188678 Methinks Tue, 03 Nov 2009 15:54:00 +0000 http://cafehayek.com/?p=7107#comment-188678 You are truly dense. But, hilarious. You are truly dense. But, hilarious.

]]> By: Justin P http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188656 Justin P Tue, 03 Nov 2009 13:54:00 +0000 http://cafehayek.com/?p=7107#comment-188656 How much did Fannie pay Stiglitz for that paper? Seems like Stiglitz sold himself out and his nobel to the highest bidder. Do you have a link to that paper btw? I can't find it on Fannie's website. How much did Fannie pay Stiglitz for that paper? Seems like Stiglitz sold himself out and his nobel to the highest bidder.

Do you have a link to that paper btw? I can’t find it on Fannie’s website.

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