<$BlogRSDUrl$>

Friday, January 11, 2008

Who do you listen to?...er..To whom do you listen? 

I comment at Megan's
Krugman's like most humans. I take prognostications seriously based on the amount of money deliberately staked on the outcome. Otherwise, there's too much influence on prognostications from validating your priors or grinding a political axe. I remember taking note when I heard Shiller got out of stocks and sold his house.

As a money manager, getting people's current capital (as opposed to future lottery dollars, which provide a different motivation) into the game is critical to sound decision-making.

Labels: ,


0 Comments:

Post a Comment


This page is powered by Blogger. Isn't yours?