5. Modern Financial Theory: Modern financial theory as applied ranks with string theory in physics as one of the greatest intellectual frauds of our time. Whereas the vacuous pretensions of string theory have finally been exposed (we now know that the theory never generated a single falsifiable prediction), those of "financial engineering" are just beginning to be exposed both in the press and in lawsuits alike.

I prefer to follow the Monte Carlo and Vegas Theories instead

I prefer to follow the Monte Carlo and Vegas Theories instead

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LOL I believe the Vegas Theory is also called the "Law of Large Numbers". 

The problem I have with the big bang theory is where did all the stuff come from to make the big bang....and why would this magically appearing stuff from whence came the universe... just decide to blow up?  So Strings or no strings...where did it all come from?  Blow up a speck of nothing and you get a universe complete with sentient life forms?  Now, tell me the big bang doesn't take a heck of a lot of faith to believe in?!

 I can only surmise that we don't exist.  Which may be closer to the truth than we know.  Or not.
 

I've got a "string" theory.  The physical universe does NOT exist.  We are mental energy, we have volunteered to be placed into a game and the only way to exit that game is to die, then you go back to being um, or not being what we think of as being. But once out of the game our memories will return.  Which leaves us with the big questions as to origin...or maybe we know the answers as soon as we exit the game. 

The only thing I know for sure is that none of us know for sure.

Thanks, Santa Cruz. I needed that.  LOL!

My favorite part... Mauldin's closing remarks after his 3 definitions of idiot savant.  Here Mauldin describes a financial convention where Arnott speaks to a group of financial honchos and he asks those who believe in EMT to raise their hands. No one raises a hand. He then asks those who use and apply (my words) EMT or EMH in their research to raise their hands. MOST of them raise their hands. Like I said... who's the idiot? The researchers for blindly applying theories they don't believe in or subscribe to or US for believing the researchers' findings?

Mauldin really slams Greenspan, too, doesn't he?

Regards,

Susan