« Yes, there is a confidence fairy | Main | Austerity in the mainstream »

June 23, 2014

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Cavid Dameron

I've got an even better idea Chris, people should have to pay to vote.

Correction - they should have to pay ME to vote!

Ker-CHING!

$_$

Stevenclarkesblog.wordpress.com

Chris, how do you reconcile this support for incremental improvements with your belief that radical solutions (citizen's income, land value tax, collective bargaining etc) will achieve far more than social democratic tinkering?

Is the answer that such solutions, while radical, are also simple, and work within our bounded knowledge?

chris

@ Steven - yes, that's it. Incrementalism can be knowledge-intensive, and radicalism knowledge-light.

Magpie

Chris,

Somehow this idea of the "humble investor" (by which I suppose you mean the mega-hyper gazillionaire) doesn't seem compatible with "traders can be selected for bumptious overconfidence": I don't see Fabrice "The Fab" Teurré, to mention one, as much of an example of humility. But, fair enough, he wasn't in that league; he was gambling "with other people's money".

Neither Kerry Packer, Clive Palmer, Gina Rinehart, and Nathan "The Boganaire' Tinkler and their ilk strike me as particularly humble. And those have/had heaps of dough and gamble with their own money.

This was Tinkler (October, 2010):

"Clearly none of his [i.e. Tinkler's] cash has been spent on media training. When The Sunday Age called him on Friday about his interest in the Bathurst team, Tinkler exploded.
" 'You're a f---ing deadbeat, people like me don't bother with f---ing you,' he said. 'You climb out of your bed every morning for your pathetic ***hundred grand*** a year, good luck'.
"Angered by a previous story about his horse racing interests, he added: 'There's a tall poppy syndrome; you would have heard of that because you hang around with the deadbeats and the losers who have done nothing with their lives'."
http://www.smh.com.au/business/the-fortune-and-fury-of-a-young-tycoon-20101009-16d3o.html

The comments to this entry are closed.

Why S&M?

Blog powered by Typepad