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View Diary: Krugman On "The Joy Of Sachs," As Frontrunning Truths Emerge (292 comments)

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  •  As part of the top 10% (3+ / 0-)
    Recommended by:
    Catte Nappe, NoMoreLies, bobswern

    I can say that my research seems to indicated that the top 1/3 of 1%, who are the people engaged in this stuff, are for the most part simply not thinking ahead.  It's short-termism.  Buffett and Soros are thinking ahead.  But most are simply not thinking beyond next week, or maybe next year.

    -5.63, -8.10. Learn about Duverger's Law.

    by neroden on Fri Jul 17, 2009 at 01:47:10 PM PDT

    [ Parent ]

    •  neroden, You might be right, (1+ / 0-)
      Recommended by:
      bobswern

      but it still adds up to a system that can only fail in the long term.

      They say time heals everything. While I'm still waiting. I am not ready to make nice, Nor back Down. "The Chicks".

      by vzfk3s on Fri Jul 17, 2009 at 02:13:33 PM PDT

      [ Parent ]

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