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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Re:second time is a farce | 310 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Quantitative Easing and too big to fail
Authored by: Ian Al on Sunday, June 30 2013 @ 03:31 AM EDT
The investment banks did all fail. In the words of 'Fame', 'and this is where we
start paying'.

---
Regards
Ian Al
Software Patents: It's the disclosed functions in the patent, stupid!

[ Reply to This | Parent | # ]

Successful investment strategies
Authored by: ailuromancy on Sunday, June 30 2013 @ 05:42 AM EDT

Profitable investment banks are well aware of the value of ignorance. Years ago there was a study: several methods of selecting stocks to invest in were tested. The second most successful method was to pick stocks at random. The best method was to ask a bunch of random people to pick stocks, and go for the most popular. At the time, the preferred technique (which came third) was to compare current market statistics to a historical record. When a match was found, it was assumed that stock values would roughly repeat what they did last time. To some extent, it worked - perhaps because analysts in various investment banks saw the same patterns in the same data and convinced their bosses to bet on the same stocks. I do not know vodou stock prediction method is currently fashionable, but I am sure the reason it works is because the majority of investors are using the same gambling system.

[ Reply to This | Parent | # ]

History
Authored by: Nick_UK on Sunday, June 30 2013 @ 06:56 AM EDT
The quote is 'the only thing we learn from history is that we
forget history'.

Nick

[ Reply to This | Parent | # ]

Re:second time is a farce
Authored by: Anonymous on Monday, July 01 2013 @ 06:32 PM EDT
Considering that the Great Depression wasn't the first go
around, either. The first, IIRC, ended in the French
Revolution.

[ Reply to This | Parent | # ]

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