Keynes lost a bundle before he stopped speculating and began to invest for the long term.
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Jim Devine Sent: Saturday, June 07, 2008 2:56 PM To: Progressive Economics Subject: Re: [Pen-l] Wall Street Journal Evidence That Speculators AreResponsible for the Run Up in Oil? Shane Mage wrote: > Sure. Speculative markets always overshoot--in both directions. That's > where the Ricardos and Keyneses make their fortunes. Somehow ordinary > mortals like us never seem to get the timing right! do you think they had insider information? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
