I bet Max Sawicky that the DJIA would fall to 3,000. It did not. This bet
was akin to the famous bet made between Julian Simon and Paul Ehrlich about
whether the Club of Rome's central predictions about eco-doom were wrong or
right. Simon (the eco-optimist) won his bet. Ehrlich et al had to pay
Some time ago, Mark Jones, who has not returned made a bet with Max that
the stock market was about to crash. I forget the exact date and exact
level, but Mark's estimate was too soon and too low. He asked me to
announce to that Max is about to be paid in full.
--
Michael Perelman
Economics Dep
Isn't it too soon to say it was too low?
- Original Message -
From: Michael Perelman <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Friday, July 26, 2002 12:42 PM
Subject: [PEN-L:28556] the great bet
> Some time ago, Mark Jones, who has not returned made a bet
At 26/07/2002 17:42, Michael wrote:
> Some time ago, Mark Jones, who has not returned made a bet with Max
Actually I have returned, but I have not yet written to Max detailing my
terms, which however I plan to.
Wall St is now worth about $11 trn instead of the $20 trn it was worth two
years
As I recall, the stakes were a case of Lagavulin. This payoff comes too
late. I had lunch with Max Monday on his way to Tokyo. If he had already
received the case, maybe I could have mooched a bottle off him. Damn.
Tom Walker
604 254 0470
