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As an economist, any suggestion that the economy is simple, mechanistic, or easy to understand horrifies me... and those who perpetrate such views tend to be th
by qubex 7y ago
As an economist, any suggestion that the economy is simple, mechanistic, or easy to understand horrifies me... and those who perpetrate such views tend to be the ones who cause the most harm by simplifying things down to the point that they are meaningless and drawing vast, general conclusions from basically anecdotes.
- H8crilA 7y agoWell, the guy is the most successful hedge fund manager in history, so perhaps he knows what he's talking about, since he was betting on the outcomes of such events for the past 50 years. And of course it's simplified.
- thedudeabides5 7y ago@H8crilA how dare you suggest that a traditional finance person (and a successful one at that) have anything useful to say on history or finance. Didn’t u hear that stripe just raised at $35bn? Has Ray ever raised at that valuation, no? Downvote!
- H8crilA 7y agoHeh, he has >100B under management, so he indeed raised more. Much more. :)
- airbreather 7y agoGiven you are a self acknowledged economist, I am aghast that you feel the empirical track record of your ilk entitles you to comment.
- qubex 7y agoYeah... I consider it an error of youth that I’m now stuck with.