longk

Riskier Sector ETFs Improve; Investors Now Betting on Economic Recovery

not everything has to make sense.

So you ask yourself: Is it worth trying to make sense of the fact/event, to include the time and effort of estabishing validit and confidence interval?

Well, I can't know that ahead of time, so i make heuristic judgments based on my initial reaction to the fact, and the context in which I discovered the fact. It's important to know that you cannot know the answer ahead of time, but you can trade on it.

My first impression is that if I knew what the first poster was actually saying, I still could not trade off that knowledge, it's important for me not to wonder what he was actually saying. :P

But that judgment has an opportunity cost (1 i am willing to pay) since I will never really know if the hueristic judgment is "correct". I can only estimate its prudence in saving me time to inquire elsewhere, consiering facts that suggest a greater payoff for time invested.

Thats why i read Dr Brett's posts with care, but comments that dont make immediate sense or have immediate utility: not so much.

The Antidote to Economic Malaise: A Culture of Collective Mindfulness

capitalism doesnt create poverty; nature does; Poverty is the state of brute nature, and that's what you get when you are overly greedy. Societies that develop the wisdom to take care of their own, develop effective mechanisms to do just that. The best ones are local: amilies, churches and privately funded civic organizations with local oversight and accountbility.. Societies that give that responsibility to government thereby devalue the tribal and familial virtues and give that mission to the most inefficient and ineffective organization for redistributing wealth: the government.

capitalism is the most dynamic means of effectively deploying capital to meet the needs of the many by rewarding reliable risk taking. the comparison of the world markets to high reliability organizations is flawed, because the free market is not an organization, with a mission and resources; it is an unconstrained gathering place where buyers and selelrs come together. Weick an Sutcliffe's work is excellent and is a call to action for those who would improve the performance of their organizations. I teach these ideas and techniques to my management students; I think theapplication to the markets is flawed though.

the greedy wealthy who had money and didnt know how to ask questions of Maddow to protect the money got what they earned. they should have been more mindful. they should have done their due diligence. If you dont treat money properly, with respect and care, it goes away.

The President of the US is NOT the President of the world. He has no constitutional authority to address world poverty. If he tries to do that he should be impeached for exceeding his constitutional bounds. He has no authority to lead the world; The scope of his responsibilities, and they are slight, are clearly spelled out in the Constitution. If you would change the world, first change your nation, first change your state, first change your village, first change your family, first change your self. The world wwill take care of itself.