---- START NEW MESSAGE --- Received: from cherry.ease.lsoft.com [209.119.0.109] by dpmail10.doteasy.com with ESMTP (SMTPD32-8.05) id A4D431B0288; Sat, 31 Jan 2004 07:08:04 -0800 Received: from PEAR.EASE.LSOFT.COM (209.119.0.19) by cherry.ease.lsoft.com (LSMTP for Digital Unix v1.1b) with SMTP id <8.00CC6691@cherry.ease.lsoft.com>; Sat, 31 Jan 2004 10:07:47 -0500 Received: from MITVMA.MIT.EDU by MITVMA.MIT.EDU (LISTSERV-TCP/IP release 1.8e) with spool id 8102 for PICLIST@MITVMA.MIT.EDU; Sat, 31 Jan 2004 10:07:41 -0500 Received: from MITVMA (NJE origin SMTP@MITVMA) by MITVMA.MIT.EDU (LMail V1.2d/1.8d) with BSMTP id 9935; Sat, 31 Jan 2004 10:06:57 -0500 Received: from sprucegrove.com [12.151.22.244] by mitvma.mit.edu (IBM VM SMTP Level 430) via TCP with ESMTP ; Sat, 31 Jan 2004 10:06:57 EST X-Comment: mitvma.mit.edu: Mail was sent by sprucegrove.com Received: (from jay@localhost) by sprucegrove.com (8.11.0/8.11.0) id i0VF3Qs18104 for PICLIST@MITVMA.MIT.EDU; Sat, 31 Jan 2004 10:03:26 -0500 X-Mailer: ELM [version 2.5 PL3] MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Message-ID: <200401311503.i0VF3Qs18104@sprucegrove.com> Date: Sat, 31 Jan 2004 10:03:26 -0500 Reply-To: pic microcontroller discussion list Sender: pic microcontroller discussion list From: "D. Jay Newman" Subject: Re: [OT:] On Capitalism, freedom & democracy To: PICLIST@MITVMA.MIT.EDU In-Reply-To: <01c801c3e807$98d33720$7b01a8c0@Paradise> from "Russell McMahon" at Feb 01, 2004 03:36:00 AM Precedence: list X-RCPT-TO: Status: U X-UIDL: 371856677 > > Or your > > aim is to confuse as many people as possible ? > > No. But confusing a few people sometimes is not always the worst aim on > earth :-) Agreed! > I'll say it again. So far NOBODY has demonstrated a long term ability to > consistently predict in the short and medium term how individual componets > or overall markets will behave. NO research institutions have discivered the > magic bullet. Many are trying. Many do a raher good job much of the time. Yes. And if they discovered it, they'd be *much* better funded. :) Seriously, I read of a study where an extremely respected economics professor tried a parellel study to test his theories on the stock market. He (purely on paper) invested his choice of stocks based on his knowledge. He invested an equal amount by putting up the stock page on the wall and throwing darts at it. His choices lost money. The darts succeeded and gained. The stock market is an interesting market. It is fairly free, and the value of stock is only related to what people will pay for it. And people pay more on their perception of the stock than it's value as a share of a company. -- D. Jay Newman ! jay@sprucegrove.com ! Xander: Giles, don't make cave-slayer unhappy. http://enerd.ws/robots/ ! -- http://www.piclist.com hint: To leave the PICList mailto:piclist-unsubscribe-request@mitvma.mit.edu .