Good point, and it does put a perspective on this crazy low-vol climb to the stratosphere. The fact that we're 3 stdev out from a long MA actually...
Just my take, but I'd hesitate to look at Z-scores of populations that can have non-normal distributions.
Was thinking the same thing about ADT over the last few days. Recent buying and selling doesn't seems correlated with the larger market, but if...
Could be the future. The middle class is probably going to be hollowed out <a...
Great commentary, Mav. Always got an insightful, unique take on world and market events (and even entertainment. Second career as a movie reviewer...
Oh, I knew no one on this board or this thread would take him seriously. Ha. I do think he's right about this not being a bubble, and also...
Great points, all of them. I agree, there has to be an equilibrium price somewhere, and costs as they currently stand seem too high, yet demand is...
You missed the part where I said that incubating a self-selected, high-potential population with resources and HNW connections ... proves nothing....
You're adorable surf. Your knack for following logical arguments is like a dog wearing a hat. That's why we all love your contributions here. :D
It might surprise you to find out that Smith was not a market fundamentalist, like Rand or von Hayek. The difference in your opinion and mine is...
Same page with you. I understand how those rare, gifted, driven people often need to believe powerfully in their exceptionalism in order to...
Ugh. Not very surprised, but still... I'd be curious to read about some of those funded. Yeah, this gold rush mentality fueling students'...
Ah, I intuited correctly. ;) You didn't buy the lie, hook, line, and sinker. But, you have intelligence and drive, which is really what makes...
Probably not much? Okay. Based on what? Hearsay from <i>unicorns</i>. On one hand you're in denial of statistics. That alone is unfortunate....
What you're ultimately investing in is not the phenomenon that college is unnecessary, it's the selection mechanism itself: i.e., Thiel and a...
That's the one :) The note about the crazy Bernanke-haters made me think of ET, every time the sp00z make a new high. To RM's idea of...
That's wonderful. Now tell me, which do you think is higher: self-made billionaire drop-outs as a percentage of all billionaires, or self-made...
In failing to answer my question, then bringing up libertarian think tanks and anti-college sentiment, you actually reaffirmed my point: it's an...
How would this idea be expanded, and by whom? And what would angel investors gain by funding high school grads (pre Tier 1 enrollment) rather...
There is a reason why Silicon Valley is located near Stanford. Thiel's program simply a libertarian version of Y-Combinator, but meant to...
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