Nice post Proctalgia,and I agree with your realistic observation.
Yeah,it's nice to read a 70's book about a couple of Ol Hebrew boys dicking around with some funny
calculations and theorem about risk reward ratio's,but I'm going to try & see if in their novel ,there is a missing chapter about market phsycology about central banks guaranteeing risky bets (and bonuses)by "too big too fail" banksters .Then needing 11th hour public funds emergency dosh to avoid Paulsons "tanks on the streets" scenario.?
Or artificial interest rates pushed down so far and bent out of reality that people are investing in negative yields?
Yep,would be nice to bring Ol 'mates back for a yarn on how their theories work today.
Nicely written post though ,Tim'.
Best wishes for you this festive season.
Profits to all.BMD
