Jan

20

Bill James--SabermetricianAn interesting article by David Friedman on his blog — which is very worth reading, as is Steven Landsburg's blog –  talks about why relative income is important for utility mazimizers. He makes an evolutionary argument that for men competing for scarce woman resources, having a higher income in your class is more likely to get you a mate, especially in polyandrous societies.

It brings up the subject of team standings in major leagues. I always thought that major league standing of markets should be ranked like baseball teams — stocks, bonds, gold, oil, beans — and the team leaders and losers and their paths each week should be quantified the same way baseball standings are analyzed. I'm going to do something like this on Daily Spec and think it will be fun and dare I say it useful.

I am looking for a set of The Ticker magazine, especially 1907 and 1909 and all issues besides 1908, which I think is very useful to see how they handled the aftermath of 1907, which is so similar to our 2008. The quality of that magazine is amazingly good, in accord with Nock's dictum that as financial literacy improves, the lowest common denominator keeps getting lower and so does quality.

It is amazing to see that the auctions went so well, and I will be looking closely to see if the annual hunting season of Central Banks on Interest rates starts earlier than the traditional April date. Out of the depths comes a Hispanic from Florida, former Florida Majority Leader who combines the appeal of Jack Kemp, Arnold Schwarzenegger, and R.R. If I had any daughters interested in politics, I would suggest they go intern for him.

The Baseball Abstract by Bill James is beautiful and full of intriguing analysis that is directly applicable to markets. Amazingly the trend follower hired him to improve the baseball team's performance, but somehow it is clear that he hired him for the wrong field. If I am ever a rich man again, I would offer to hire him to set his sights on markets, and give him the data to let him go at it.

The reaction to the win in Massachusetts reminds me of the reaction when the Senate passed the first stimulus bill. Oh thank goodness, frustration, and uncertainty relieved, here we go down 10% in a second.


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  1. bo keely on January 20, 2010 1:41 pm

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