tag:blogger.com,1999:blog-36404602.post922703781405322334..comments2023-10-26T05:08:20.977-04:00Comments on Connecting.the.Dots: Fall of the Know-It-AllsROBERT STEINhttp://www.blogger.com/profile/11999996852219220599noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36404602.post-70194353015731619362008-10-29T15:25:00.000-04:002008-10-29T15:25:00.000-04:00Why should one argue that normal investors 'think ...Why should one argue that normal investors 'think they know more than everyone else' to paraphrase part of the original article.<BR/><BR><BR/>There are investors who are in it for the long haul, who try to guess which business areas, or businesses themselves, will continue or grow profitably, and put their money into these businesses. Perhaps this is naive, but I think for most of us, this is the reality, since investing is not something we think about day in and day out, except for these terrible days.wpdhttps://www.blogger.com/profile/14452020110001330294noreply@blogger.comtag:blogger.com,1999:blog-36404602.post-51223837014991080672008-10-28T11:57:00.000-04:002008-10-28T11:57:00.000-04:00Mr. Stein --I enjoy your blog and try to read it e...Mr. Stein --<BR/><BR/>I enjoy your blog and try to read it every day or so.<BR/><BR/>I read the Brooks column, and like so many of his musings, he makes the simple appear more complex (talk about the oddness of human perception).<BR/><BR/>This meltdown was as predictable as sunset. The simple reason is the human nature of greed. Add to that the battery acid of "free-market" ideology, and it makes Alan Greenspan's mea culpa as convincing as Claude Raines' shocked discovery of gambling at Rick's Cafe Americain in Casablanca.<BR/><BR/>Mr. Brooks was, and remains, an apologist of the first order for the (now, literally) bankrupt theory of "Reaganomics" that has brought us to this day. I'm sure he's a nice man, but he's never going to admit that the world view he has so ardently embraced his whole life is a sham.Joe Hornbakerhttps://www.blogger.com/profile/16647519752875438902noreply@blogger.com