RE: Silent Takeover--IMO??

2002-07-15 Thread john hull
--- Kevin Carson <[EMAIL PROTECTED]> wrote: "The chief failing of the mainstream "antiglobalization" movement is, IMO, they fail to recognize the extent that the global corporate economy rests on state intervention." What does "IMO" mean? -jsh __

Re: Index mutual funds

2002-07-15 Thread Bryan D Caplan
William Dickens wrote: > >>>Well what I suppose we should be using isn't either the SD or the Var, but the % >of the maximum increase in utility that is possible with increasing diversification. >Playing around with a few examples it looked to me that the gain in utility was >inversely proport

Re: if coins were rare

2002-07-15 Thread Anton Sherwood
Fred Foldvary wrote: > . . . During the US Civil War, there was a shortage of coins, > and postage stamps served as currency, and they could easily > do so again. How big is the stamp supply, by the way? How much `float' does the USPS have? -- Anton Sherwood, http://www.ogre.nu/

Re: Silent Takeover

2002-07-15 Thread Anton Sherwood
Bryan Caplan wrote: > A lot of regulations only kick in if you have more than 50 or 100 > employees. Some explicitly kick out, though. I dimly remember one concerning visas, that said roughly "If the HR department says the firm needs this alien employee, and the firm has >N employees, we (the IN

Re: Index mutual funds

2002-07-15 Thread William Dickens
Bryan wrote: Right, but if you want to reduce the SD of your return, you've got to square those numbers - you need 100 stocks to get the SD down by 90%. And isn't that the measure of risk most people vaguely have in mind? >>>Well what I suppose we should be using isn't either the SD or the Var,

Re: if coins were rare

2002-07-15 Thread Fred Foldvary
--- Gustavo Lacerda <[EMAIL PROTECTED]> wrote: > If the 95% of the coins in the United States (i.e. 1c, 5c, 10c, 25c) were > no longer in circulation, but bills were left alone, what would happen to the remaining coins? > Would they go up in value? Since the US government would not do this on pur

Re: Silent Takeover

2002-07-15 Thread Bryan Caplan
Kevin Carson wrote: > I would argue that the rise of transnational corporations is a "bad thing" > because they are products of state capitalism. Giant corporations, from the > late 19th century on, have been statist institutions, and the plutocrats > associated with them have been rent-seekers.

Re: Defense of Free Trade

2002-07-15 Thread Kevin Carson
The mercantilist phenomenon of "globalization" is quite different from free trade. And genuine free trade is not the same thing as what people like Thomas Friedman call "free trade." Free trade does not require the Bretton Woods institutions, the Uruguay Round of GATT, and the U.S. government

RE: Silent Takeover

2002-07-15 Thread Kevin Carson
The chief failing of the mainstream "antiglobalization" movement is, IMO, they fail to recognize the extent that the global corporate economy rests on state intervention. Or at least, they fail to make the obvious deductions from such an analysis. I've seen many, like Chomsky, who argue corre

Re: Why do people pick stocks?

2002-07-15 Thread William Dickens
>> - - $14 is not out of the question) if you hold it for 20 years you are way >>ahead of a .2% annual fee. >For $10,000 worth of a single stock? Or $10,000 of any desired bundle >of widely-held stocks? Single stock, but for an analysis of what this means for diversification see my post on h

Re: Index mutual funds

2002-07-15 Thread Bryan Caplan
William Dickens wrote: > >>> Not that much. Assuming constant variance and correlation the variance fraction >of the possible reduction you can get is inversely proportional to the number of >stocks you hold (you get half the reduction relative to holding one stock by holding >2 90% by holding

Re: Why do people pick stocks?

2002-07-15 Thread Bryan Caplan
William Dickens wrote: > Discount brokers can really beat a .2% annual fee with no loads on > either end? > > >>>For sure. Most brokerage houses don't have any fees other than fees for trading. >Even if you have a round-trip cost of $100 for $10,000 worth of stock (you can do >much better than

if coins were rare

2002-07-15 Thread Gustavo Lacerda
If the 95% of the coins in the United States (i.e. 1c, 5c, 10c, 25c) were no longer in circulation, but bills were left alone, what would happen to the remaining coins? Would they go up in value? Could 3 quarters be worth the same as a $1 bill? Or will people still value coins by their face value?

Re: Why do people pick stocks?

2002-07-15 Thread Fred Foldvary
> The S&P 500 has just been purged of foreign firms, which apparently > means that scads of index funds will now follow suit - which strikes me > as a bit silly. > Anton Sherwood, http://www.ogre.nu/ Maybe not. Modern Portfolio Theory segregates a portfolio into various categories, and typically