On 12/28/06, raghu <[EMAIL PROTECTED]> wrote:
The big question is why was Wall St so eager to adopt unproven formulas based on questionable assumptions. Why were they not scared of losing money? How indeed did they avoid losing money? Keynes argued that because of the fundamental uncertainty of the future,
some sort of convention is needed to avoid total insanity. BS seems an example. -- Jim Devine / "Young people who pretend to be wise to the ways of the world are mostly just cynics. Cynicism masquerades as wisdom, but it is the farthest thing from it, because cynics don't learn anything. Because cynicism is a self-imposed blindness, a rejection of the world because we are afraid it will hurt us or disappoint us." -- Stephen Colbert.
