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Posted 3/26/2020 10:55 (#8140171 - in reply to #8140134)
Subject: RE: Ben Graham

John Burns - 3/26/2020 10:42

You mean we can't quantify crazy? Reminds me of the efficient market hypothesis. Boy was that one academics got wrong.

Ha. It seems that computer modeling has taken over fields other than climate science. There they went down a rabbit hole so far they can't get back out. From what i've seen, something similar has happened to economics. It is just so fascinating to me that a man like Alan Greenspan, a student of Ayn Rand, could think that, sure - central planning won't work - but if he did it, it would. I read his book and remember being very impressed by most everything he said. It is just so ironic that he was the one who , back in 1987, put us on the road we still can't get off.
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