Eric Rasmusen's Weblog: Wilson, Harding, and How to Use Deep Pockets to Look Like a Financial Genius

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.

Labels: finance, harding, history, wilson

To view the post on a separate page, click: at 6/27/2009 11:10:00 AM (the permalink).

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Blog Policies.

I've set up this blog for myself, as a commonplace book, with the idea that it might also be useful for outside readers. That is why the topics are idiosyncratic. I see that most of my readers are directed here by Google searching rather than being regular readers.

I will delete rude comments, and will give less leeway to anonymous comments than to signed ones. I will for now at least allow stupid and ill-informed comments, though other readers don't enjoy them unless they are so ignorant as to be funny.

I will revise my posts freely, usually without any note that they've been revised. If I make an important mistake in a post that I think people might refer to, I will note the mistake and correction. But I'm not trying to make this a historical record. In fact, I'd like to merge posts on the same topic and delete posts not of interest a year later, except that I never get round to doing that.