European Tribune - Comments - The "Pilkkunussija" Diaries (II) : Wealth Destruction?

The "Pilkkunussija" Diaries (II) : Wealth Destruction? | 26 comments (26 topical, editorial, 0 hidden)

I have never believed that stock markets represent real values, any more than the art gallery system represents real values in paintings. Or the 10 quid each way on the 3-to-1 favourite in the 3.30 at Newmarket is anything more than a love letter to fate.

To quote Horace Woody Brock;

Stock markets are not about P/E; they are about the perception of value, not real value. The market is all about `I-Love-you' numbers.

You can't be me, I'm taken

by Sven Triloqvist on Sun Sep 10th, 2006 at 04:51:11 AM EST
[ Parent ]

Re: There's also (none / 0)

Time to dust off Keynes and quote his sock-off-blowing description of the stock market... Diary forthcoming.

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sun Sep 10th, 2006 at 05:35:08 AM EST
[ Parent ]

Re: There's also (none / 0)

I keenly await any of your Keynesian analyses - they make me interested in economics as philosophy again,

You can't be me, I'm taken

by Sven Triloqvist on Sun Sep 10th, 2006 at 06:05:46 AM EST
[ Parent ]

Re: There's also (none / 0)

You mean Keynesian copy-pastings?

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sun Sep 10th, 2006 at 06:24:41 AM EST
[ Parent ]

Re: There's also (none / 0)

Perhaps extractions would be a better word than analyses - but the very act of isolating saliences is itself analysing.

But of course the main thing is that I don't have to read the book ;-)

I use 'Charts of Philosophers and Phlisophies' for the same reason.

You can't be me, I'm taken

by Sven Triloqvist on Sun Sep 10th, 2006 at 06:28:30 AM EST
[ Parent ]

Re: There's also (none / 0)

"Keynesian extractions".

Like pulling teeth?

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sun Sep 10th, 2006 at 06:31:12 AM EST
[ Parent ]

Prexactly n/t (none / 0)

You can't be me, I'm taken

by Sven Triloqvist on Sun Sep 10th, 2006 at 06:34:04 AM EST
[ Parent ]

The "Pilkkunussija" Diaries (II) : Wealth Destruction? | 26 comments (26 topical, 0 editorial, 0 hidden)

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