tag:blogger.com,1999:blog-7905515.post686528014347386133..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Posner Reviews Akerlof and ShillerEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7905515.post-87284570146435828942009-04-28T05:26:00.000-05:002009-04-28T05:26:00.000-05:00"people tend to be mean or stupid in idiosyncratic..."people tend to be mean or stupid in idiosyncratic ways"<br /><br />This is one of the most insightful comments I have seen. And, of course, very true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-7873834078217214532009-04-27T14:01:00.000-05:002009-04-27T14:01:00.000-05:00"You get very different view of a crisis if you th..."You get very different view of a crisis if you think it was because of bad faith or greed versus an unintentioned, reasonable error."<br /><br />Excellent point. Furthermore, given how easy it is to translate market forecasts into trades, I give zero credit to those who claim to have forecasted the crisis and did not profit from it. Peter Schiff falls into the sad category of those who actually did forecast the crisis, but misjudged its consequences and did not profit from it. Only Paulsen gets full credit on this one.Anonymousnoreply@blogger.com