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Authored by: Anonymous on Monday, September 24 2012 @ 01:53 PM EDT |
I've studied a bit of the math...and I promise you it is possible to use
feedback to stabilize unstable linear systems. You use a tool called a
"Root Locus". A Z-transform won't hurt (except between your ears!).
I also disagree that the quants don't know what they do. I think it is more
they don't care, and don't look at the limits and side effects of their fancy
theories. Public service is the exception, not the rule.
But in general, I agree that there needs to be "friction" in the
market. After all, if I have a share of stock, I am supposed to "Own"
a share of the company, and that should include such things as voting on the
governance and all that goes with it. I think a modified version of Alaska's
residency rule would work here: Large taxes on short-term profits in equities,
much smaller taxes if you own through two shareholder meetings and vote in each
of them.
(Christenson)[ Reply to This | Parent | # ]
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