Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Friday, December 04, 2009
Quotations relevant to investment and other matters
I think this insight was originally from Henry Kissinger, but I can't source it. The quote I can't find was on the effect on a politician of being elevated to power and attending confidential briefings for the first time. The experience of getting information that is not generally available tends to put up a barrier between the politician and others outside the circle - newly elevated politicians go through a period in which they stop listening to anyone without their level of clearance because they can't stop thinking "but you don't know what I know".
"Inside" information puts up a communicative barrier between you and other people; it makes you view the world in a different way from everyone else, and it impairs your ability to evaluate the reliability and importance of different sources. In other words, it has a similar effect to that of hallucinogenic drugs.
In general, it is a bad idea to make investment or foreign policy decisions while under the influence of psychedelic drugs.
this item posted by the management 12/04/2009 02:34:00 AM