Thursday, May 14, 2015

Talking to the choir

Or, something of that order.

This image is almost like a blot test.
Ah, how many types of reactions. 
I guess you all knew that Ben started blogging. Also, one aspect of our interest was the financial gaming that is taken for reality, as if there were a strong foundation for the idiocy and its useful (yes, to fill the pockets of those running the game and of those who have an inside track). It has been two weeks since Ben's last post; his posts, to me, seemed like academic papers. Not what one expects from a blog, typically. ... Ah, Ben, what do you feel down in your bones (and nothing too cultural here)? I know, you claim that you did not throw the oldsters under the bus.

In any case, Steve's view resonates, from a distance. I don't know how closely we would match up; say, Steve, know what I mean by near-zero? Well, what you are talking about here is a good example (money managers run away with the cream, leaving very low-fat remains).

Dire, indeed.

Remarks: Modified: 05/14/2015

05/14/2015 -- And so, after the post and content has been digested (does not imply absence of forethought), then epilog bits come to fore. The first half of that letter is what resonates. Then, Ben&Steve talking "incredible returns" in the stock market grates (harshly). For one, the thing, as run now, is a ca-pital-sino and very much can be characterized by near-zero (both terms have links in the text). Too, though, is the whole thing of the magical multiplier (wild expansion of value), of returns mainly for the early birds (connivers), and of enormous grabs (by some) that desires serious analysis (again, foreclosure - not in any way now profiting, nor in the past profited, from the gaming - whose main thing is to impoverish the masses). ... There will be a change in tone, thanks to Canfield (yes, he of the chicken soup thing). --- So, the diatribe series will stand as an example: so-called constructive looks, No. 1No. 2No. 3.

No comments: