Name 1 reason an active port under an uncontrollable passengers seat needs to have access to avionics or any critical system?
History. As was pointed our to me in an earlier discussion on this topic, bean counters might have played a role in consolidating ALL electronic systems in an aircraft, thus tying its avionics with its in-flight entertainment systems.
You're allowed to defend using multiple strategies even if they're logically contradictory.
True, but putting logically contradictory theories as defenses to a crime doesn't usually play well with juries.
Never said they didn't..
LOL
As soon as an algorithm is created that can accurately predict the market, investors will start using it, thus altering the market so the algorithm no longer works.
Like LTCM.
How many stories have you heard about people who won large sums of money but ended up bankrupt a few short years later?
Haven't you seen the news stories of the guy that dies and leaves millions to charity but nobody suspected he had money?
I knew an older gentleman in my pre-teen years. He was rich, literally worth tens of millions in today's dollars but you'd never would have known.
Anecdotal. And none of those anectodes prove that those with the resources to pay others to manage their finance have more expertise than those that don't.
Rich people generally know how to manage their risks, or they don't stay rich very long. The trick to making money is not being lucky, but being smart.
Rich people generally (i.e, exclusively) pay *others* to manage their risks. I guess you could characterize that as "smart", but it has nothing to do with financial acumen.
... but for all intents and purposes economics shouldn't be misconstrued as a science. >
Sorry, game theory has demonstrated it's predictive ability for some time now.
But whether economics is science or not is beside the point. The discipline has proved it's utility over and over, and the marketplace recognizes this.
BTW, your comment about economics as the reason that "high speed trading systems have the ability to undo sales or purchases with impunity" is complete and "utter bullshit". Perhaps you should go back to whatever "science" you feel is valid and stay out of finance.
Well said. Meanwhile the real metric, earnings, is at a reasonable level. SP500 P/E at 17x next year's earnings is still buyable.
Nothing to see here, carry on.
I do agree with you that the best metric is P/E, but...
P/E for next year's earnings? Didn't someone use "bullshit mathematics in the art of economics" to come up with that estimate? Don't you contradict GP's main point?
The fact is, all the largest trading firms in the world employ teams of economists - and they don't do it in order to throw their money away on a "sack of magic chicken bones".
...cocaine can be detected by the excreted metabolites...resulting from abuse of the drug.
What about those that don't abuse cocaine, but use it responsibly?
Real Programmers don't eat quiche. They eat Twinkies and Szechwan food.
