Re: STOCKS: An unnerving thought

From: Emlyn (pentacle) (
Date: Sun Apr 16 2000 - 06:34:57 MDT

> If enough people bid in then the prophesy fulfills itself and the same
> reasoning is yet more justified the next time round. It's a crock, and
> I _know_ it's a crock, but locally the correct thing to do is buy. The
> globally crazy result is the outcome of millions of independently
> sensible decisions - insanity emerges.
> -matt

Sounds like evolution. Is anyone surprised when many decisions made to reach
local optima can carry a system to local minima?


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