In a sour mood!! “Education is the path from cocky ignorance to miserable uncertainty”

Link : http://www.thebigview.com/pastlife/index.html :) Apparently, this is how my past life was : I don’t know how you feel about it, but you were male in your last earthly incarnation.You were born somewhere in the territory of modern North Japan around the year 1025. Your profession was that of a monk (nun), bee-keeper or lone gunman. Your brief psychological profile in your past life: Such people are always involved with all new.

Lehman is to be liquidated, Bank of Am is rumoured to buy Merill, ING is being lent funds by Russia…All these big developments over a weekend. How is the market going to react tomorrow ? Will it be a black monday ? God knows!!!

In the study of any subject , one starts with understanding basic principles / Laws. If it Physics, may be one starts off with basic laws governing universe, If it is Math, one starts with axioms , lemmas , theorems etc. What about Finance and Economics, which are more of a social science than hard sciences ? Well, the first one is obviously, Demand and Supply Law..and then….most economists and folks from finance BELIEVE in “Law of One Price”, which says that identical goods must be priced the same.

One can predict the course of a comet more easily than one can predict the course of Citigroup’s stock. The attractiveness of course, is that you can make more successfully predicting a stock than you can a comet. - Jim Simons