5 comments on “Timmy Elsewhere

  1. hmm …. if the world is populated by stupid people who are too stupid to recognise their own stupidity, then isn’t the free market a rather dangerous concept? Might we not need to locate bright people who underestimate their own brightness to design rules to protect the stupid who don’t realise their own stupidity?

    In the context of financial markets, there’s a pithy quote that I cannot locate which says that rather than re-distribute risk into the hands of those most able to bear it, it re-distributes risk into the hands of those least able to recognise it.

  2. Luis,

    “it re-distributes risk into the hands of those least able to recognise it.”

    As Gordon Gecko would have it, “it’s a miracle that a fool and his money got together in the first place…”

  3. Sue:

    “Current” is superfluous and misleading. A proper statement would be general, rather than particular.

  4. It seems to me that this web site doesnt load in a Motorola Droid. Are other people getting the same problem? I enjoy this webpage and dont want to have to skip it any time Im gone from my computer.

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