MONDAY, JANUARY 9, 2012
Philip Pilkington: Bubbles and Beauty Contests – To What Extent is Keynes Relevant to Investors?
By Philip Pilkington, a journalist and writer living in Dublin, Ireland
Of Masters and Slaves
When looked at from this perspective mainstream economics truly is the height of absurdity: it quite literally sets out to teach people how to be terrible investors. At the best of times – that is, when markets are ticking over – it is a religion of mediocrity. At the worst of times – that is, when bubbles are forming and financial instability gathering – it is a religion of failure.
Above photograph is entitled ‘Infinite Reflection’ by Balsamia
READ MORE HERE
No comments:
Post a Comment