How Sick Is the Stock Market?
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How Sick Is the Stock Market?
1–10 of 123 posts
Re: How Sick Is the Stock Market?
#2TLDR: not very sick, just very short-sighted, panicky and greedy.
Re: How Sick Is the Stock Market?
#3TLDR: not very sick, just very short-sighted, panicky and greedy.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
Re: How Sick Is the Stock Market?
#4TLDR: not very sick, just very short-sighted, panicky and greedy.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
That Time article is linked on a bunch of fora, but none of them have a link (or reference) to the actual study.
Any idea if it's available? I suspect that Time's treatment of it is not as nuanced as the original authors would have liked, and even then, the Time article doesn't actually concur that "Greed is good". They just have that phrase in the headline.
Re: How Sick Is the Stock Market?
#5TLDR: not very sick, just very short-sighted, panicky and greedy.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
No, that's what the title says, but it is click bait.
What the actual article says is that in social groups with well defined hierarchies, higher ranking members tend to contribute more than average to the common good (though this might be biased due to their role in defense against external threats). This old fashioned notion that the rich are expected to hit above their weight level is called Noblesse Obligue, and it's almost the exact opposite of Gecko's doctrine.
What reasons there might be to have come up with such a title/conclusion given the information available? I can only think of one: Assholeness apologetics.
Re: How Sick Is the Stock Market?
#6TLDR: not very sick, just very short-sighted, panicky and greedy.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
Greedy algorithms come up with simple, but often suboptimal decisions when the whole picture is taken into account.
Re: How Sick Is the Stock Market?
#7can someone explain this article? made no sense to me.
Re: How Sick Is the Stock Market?
#8Re: How Sick Is the Stock Market?
#9Earlier quoted context omitted.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
That Time article is linked on a bunch of fora, but none of them have a link (or reference) to the actual study. Any idea if it's available? I suspect that Time's treatment of it is not as nuanced as the original authors would have liked, and even then, the Time article doesn't actually concur that "Greed is good". They just have that phrase in the headline.
I think this is the paper:
http://www.nature.com/ncomms/2014/140326/ncomms4526/full/nco...
Re: How Sick Is the Stock Market?
#10Earlier quoted context omitted.
Greed is good as Gordon Gecko put it, and science concurs. http://time.com/41680/greed-is-good-science-proves/
No, that's what the title says, but it is click bait. What the actual article says is that in social groups with well defined hierarchies, higher ranking members tend to contribute more than average to the common good (though this might be biased due to their role in defense against external threats). This old fashioned notion that the rich are expected to hit above their weight level is called Noblesse Obligue, and…
Slight nitpick: "noblesse oblige" not "noblesse obligue"
French locution Noblesse oblige ~ En raison de leur caractère noble ~~ Because of their nobility