tag:blogger.com,1999:blog-7905515.post1019466961795623686..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Billionaires, not GeniusesEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7905515.post-796856218378591222008-11-16T22:38:00.000-06:002008-11-16T22:38:00.000-06:00Eric, once again, you have faithfully served your ...Eric, once again, you have faithfully served your purpose as one of the world's top sources of middlebrow tripe. In fact, I would say you have an academic understanding of middlebrow tripe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-14839060427792144722008-11-16T18:15:00.000-06:002008-11-16T18:15:00.000-06:00I think ignorance is helpful to a businessman only...I think ignorance is helpful to a businessman only in that it makes him more bold, which means, it makes him takes more risk than he 'should'. Thus, it is probable that many very successful investors are 'lucky fools', and their wild success partly a result of winning the lottery, in effect. But ex ante, one would still consider such risk taking rash, so I can't say I regret not taking foolish risks out of ignorance, any more than I regret not spending more money on lottery tickets. <BR/><BR/>Soros, I think, has some very good intuition on various investment opportunities, but I do not think they rise to the level of a general theory.Eric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-3034664015608482922008-11-16T12:23:00.000-06:002008-11-16T12:23:00.000-06:00Soros is the exemplar of the particular strip of l...Soros is the exemplar of the particular strip of liberal/leftist hypocrite, who is in the end, fascist in their sensibility: he decries instability, but will not hesitate in a second to profit from it.<BR/><BR/>But if you gave him the choice -- a fascistic stability imposed by guys "who know better" and the kind of messy freedom of market players, he'd pick the former in a nanosecond.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-29251199553039666642008-11-15T15:06:00.000-06:002008-11-15T15:06:00.000-06:00Would you say that your PhD education helped or hi...Would you say that your PhD education helped or hindered you as an investor?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-4637015106946648042008-11-15T09:05:00.000-06:002008-11-15T09:05:00.000-06:00Eric, if you believe that markets work, isn't Soro...Eric, if you believe that markets work, isn't Soros much much smarter than you? Just kidding. <BR/>There's something to be learned from Soros. He survived the Nazis by working for the Nazis. His choice was death or assist murder: pretty disturbing world. <BR/>He survived and eventually prospered. What does that say about moral absolutism? The nature of the universe? I'm not implying anything here. I'd like to know.Anonymousnoreply@blogger.com