Saturday, June 27, 2009

 

Wilson, Harding, and How to Use Deep Pockets to Look Like a Financial Genius

Scott Sumner has a good blog entry on two subjects:

1. Why Wilson was a rotten President and Harding was a good one.

2. How to have a 99% chance of seeming to be a financial genius like Keynes. The secret is to do double-or-nothing trades for long enough, and to have deep pockets. The 1% chance is that you lose everything, though.

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