Thursday, August 16, 2007
Chris Dillow Explains It All to You
by Ken Houghton
Read the Whole Thing. After that, consider that Henry Paulson leaving his old job for his current one made both places worse.
Too good not to quote:
There's one very stupid way of doing this. Imagine you're a chicken. Every day, the farmer feeds you. After a while, you figure: "My returns from the farmer are pretty stable, as I seem to get roughly the same amount of corn every day. Being a chicken is a low-risk business."
The following day, the farmer breaks your neck.
Read the Whole Thing. After that, consider that Henry Paulson leaving his old job for his current one made both places worse.
Labels: High Finance, Optimal Resources, Statistics, subprime
