I'd love to see what Mindles and Jane, and Tyler Cowen, think about this:

A model that assumes stock market traders have zero intelligence has been found to mimic the behaviour of the London Stock Exchange very closely.

However, the surprising result does not mean traders are actually just buying and selling at random, say researchers. Instead, it suggests that the movement of markets depend less on the strategic behaviour of traders and more on the structure and constraints of the trading system itself.

So...individual actions are less important that the sum total thereof for predictive purposes...like gas laws? Hmmm, what does that remind me of...

Hari Seldon Lives!:-)

I bought my first stock ever yesterday and have already made over $90!

Woo Hoo!

Capatilism Rocks!

Oh! 70 Shares of NRPH.

I am planning on holding this stock a long time.

Hint1: you haven't made any money till you sell it
hint2: knowing when to buy is easy- it's selling that is hard

"Hint1: you haven't made any money till you sell it"

Ok, make that $320.00 potential dollars as of 15:30 EDT

I know I have made nothing till I sell it. Thi is a long term investment.

A model that assumes stock market traders have zero intelligence has been found to mimic the behaviour of the London Stock Exchange very closely.

Thank, Rand - that made my day. :-D

You dashed by hopes in the second paragraph. I finally thought my chimp trading company would have a shot. How could I lose? I have academic research showing my employers would be fine traders. A good motto: C Traders No monkey business. Just serious trading. (After all they're not monkeys. They're chimps.) A mascot hired from the Dennis Miller show on MSNBC?. A tagline: Ever feel like a you've made a fool of yourself after a day of trading. Like you've slipped on a banana peel. Trust us. We've been taking care of the banana peels of the market all our lives.

I say it just might work.

(The author apologizes but some bad jokes just can't be kept inside.)

Interesting aside:

Back in the late 1940s a few people in England thought they could solve the world's problems by getting together lots of really smart people of varying backgrounds. They called their group "Mensa."

People soon realized that all the smart people they got together disagreed with each other in major ways. They couldn't agree on how to solve the world's problems.

Mensa evolved into a social organization. The only serious thing left is the promotion of gifted and talented education in the schools and research on people with high IQs.

It's a bit sad that the real world hasn't caught on yet and still believes too much in experts.

I've been in Mensa.

It's the "B" Ark.

Well put, McGeHee. I never could quite put my finger on why I didn't stay in Mensa, but that sums it up perfectly.

And they whined a lot, too. :-(

McGehee, Barbara,

That's certainly true of some of the more obnoxious members. It's a problem some of us are addressing. I quit for a time myself because of people like that.

Why did I finally rejoin? Some highly personal reasons I don't care to share on a blog with people I've never met (I'm thinking of lurkers, not posters). Real friends in the group played a major role.

"B" Ark? Isn't that just about everybody?

Best,

Chuck Divine

Well, as someone else mentioned in the other thread, the absence of the telephone sanitizers did ultimately have a detrimental effect...

The one Mensa affair I attended was a total bore! The people there may have had 160+ IQs, but their social skills were less than 70. And their passion for lively conversation and repartee was covered up in mustard and sour wine.
A pity...