Anarchic Monkeys and Timeshare Salesmen : Spot the Difference

More ammunition for my view that the experts that they interview on TV have no real expertise to offer. They simply repeat the news of the day - things that anyone who has paid attention will already know. Now even the biggest banker in the world does it. Even allowing for the language issue (and he doesn't umm and err as much as your average vox pop - or me for that matter) he still just says what we already know. The fact that Soros' answer to the question of whether Lehman Brothers should have been allowed to fail was simply that if the entire financial market collapses because LB was not rescued, it was wrong. Sounds like hindsight and BS to me. I call luck rather than judgement when I see George Soros or any other banker. We should all go back to financial calculations which can be done using Napier's Bones.

As I often point out, I can't imagine any financial calculation ever using anything other than the four basic arithmetical operators - despite the fact that some of these mysterious financial instruments are called derivatives (probably because one person invented them and everyone else copied them without a clue as to how they work). Even the Mandelbrot set - which is infinitely complex - is created using a simple equation (albeit one using the square root of minus 1). Someone convince me that all these financial instruments are necessary for the running of the world rather than being simply the fastest way to turn money into more money, without any hard stuff to back it up.

A trip to Milo's Meadow is required.