castanyes blaves
Random ramblings about some random stuff, and things; but more stuff than things -- all in a mesmerizing and kaleidoscopic soapbox-like flow of words.9/11/2005
This is sooo true:
http://www.inkstain.net/fleck/archives/001893.html
James Annan's economist joke:
Two economists are walking down the road, and one says to the other "Hey, do you see that? It looks like a 10 pound note in the gutter over there. I'm going over to get it". The second replies "Don't bother, if it really was a tenner someone would already have picked it up".
The joke is in the midst of a nice post worth reading, the summation of which is that markets are not necessarily good predictors of the future (say, the price of oil in 2010 or something), but rather are good collectors of the best available current information about what the future might hold.
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