Friday, February 29, 2008

standing on the shoulders of midgets still makes you taller

No man is a hero to his valet, but it is hard to be a hero without a valet.

Thursday, February 28, 2008

The key to the market cycle?

If 500 people think that there is a 50.5% chance of event A, when those 500 people are asked to choose between A and not A, they will say A. A "poll" of those 500 opinions would reveal 100% support of A, and while each individual may start with a tenuous personal assessment of A, those doubts would evaporate in the face of such overwhelming group support.

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