Jun

3

I should mention the idiots savants that baseball attracts. The Collab and I saw a few at Cooperstown. They knew the averages of every player that ever played the game. Same thing for markets. So many people can describe what it was like before the cycles changed and they have charts to show their point of view.

Allen Gillespie comments:

Last night BC and Texas set the record for the longest NCAA baseball game at 25 innings. Appropriate that it came at the same time as one of the longest runs in stocks. The rub — it was a pitchers dual with the final a mere 3-2.


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2 Comments so far

  1. diego joachin on June 3, 2009 1:41 pm

    It is quite different to analyze baseball from playing it. You have the feel the pressure in the mound when bases are loaded, full count and tight score difference.

    Same thing with market analysts and traders.
    Have to have the pain of a loss, the humilliation of bad trade or the fustration from a wild pitch in a tight situation.

  2. douglas roberts dimick on June 4, 2009 11:27 pm

    The Sauce

    Baseball calls up barbecue.

    Be it playing or watching it among friends at the lake or on the farm, perhaps decisive relative to outcome is “the sauce” factor. In both realms (barbecue and the markets), idiosyncratic formulations appear to reduce all (e.g., concentration on “the game” while the cue grills and the sauce permeates one’s sensibilities).

    Consider…

    Definition: “The risk of price change due to the unique circumstances of a specific security, as opposed to the overall market. This risk can be virtually eliminated from a portfolio through diversification, also called unsystematic risk.”

    http://www.investorwords.com/5610/idiosyncratic_risk.html

    For instance, how much Jack gets spilled in how many times may be obviated by whether one blends with bottled ketchup or mother has taken the time to do “her own.” That risk could be diversified by the will of the operator; consider one’s systematics with Tabasco, A1, chilies (or papperica), mustards, sugar, Schlitz, even a fine liquor.

    A German digs-mate and student of Chinese language, Martin cooked cola barbecue wings the other night to impress the most recent Chinese girlfriend. Kind enough to reserve a bowl for next day’s, mid-morning snack, Martini demonstrated that his sweet- saturation of meat reveals that sauce is not wholly about sauce.

    This registry appears with a point of origin at standing over a Beijing a la Maoism era sink, devouring those chilled leftovers. Hmm, a sauce’s “saturation rate” could be considered a pejorative term, at least in recall when one was a University of Southern Maine’s National Exchange Student at Bear’s UofA Tuscaloosa – the term would have been considered then and there as some Eastern establishment, carpetbagging (pointy headed) term.

    No matter… as predicting the outcome (taste) may ultimately reside with cyclical rates between innings to brush-and-rotate. There is also modulation of heat a la flame management…

    Is not tossing beer for flame retardation equated to curve fitting due to vaporization.

    If so, then what constitutes unsystematic risk?

    Without such definition, how can output (or outcome) be diversified when distinguishing between “unique circumstances” and “overall” input?

    dr

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