Re: World War III and global genocide

From: John Larkin (jjlarkin_at_highlandSNIPtechTHISnologyPLEASE.com)
Date: 08/19/04

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    Date: Wed, 18 Aug 2004 20:04:09 -0700

    On Wed, 18 Aug 2004 14:59:53 GMT, "Fred B. McGalliard"
    <frederick.b.mcgalliard@boeing.com> wrote:

    >
    >"John Larkin" <jjlarkin@highlandSNIPtechTHISnologyPLEASE.com> wrote in
    >message
    >...
    >> A market isn't ignorant, and it never fails. It reflects the
    >> collective intelligence of everybody who participates.
    >
    >Funny thing though. Groups of people are generally pretty dim witted,
    >suffering from commonly held delusions. Individuals often possess far
    >greater understanding and may find it profitable to use information that is
    >not commonly shared.
    >

    A great book is "Extraordinary Popular Delusions and the Madness of
    Crowds" by Charles Mackay. It analyzes a few extreme market bubbles
    that have near-perfect correspondence to the US Internet craziness. It
    was first published in 1841.

    John

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