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Hum... so Hindu's humanist philosophy and India's great brains have been awesome at all things... except for dealing with people. Great. Sign me up. This is exactly the problem with the original post. It's a whole lot of "this is how we ought to be," but deals not one second with what is, how...

Do you stand in a mirror every morning to see how much you can sound like jack hersey?

Always a good time as far as nerd fests go... i will be attending; flying over to london next tues. On the off off chance that anyone around here is going, I'll buy a few rounds of drinks near our office close to st paul's

Using right triangles is hardly a proof of mastery of analytical geometry. Further, it's probable that during some points of history the indian subcontinent saw more development than the Han chinese, it's obviously incorrect to imply as you have that they have always been far more advanced. In...

Eh, mutual fund managers usually aren't exactly the brightest bunch... managing retail money (as mutual fund is known) isn't exactly a prestigious appointment; that being said, why would exact a mutual fund manager with a stable value fund outperform the spx? you wouldn't. Talk to a...

For example, futures managers tend to have lower return than the stock market, but low correlation and lower risk - does that mean they are losers compared to the buy-and-hold random stock pickers? ... if you have a pool of people who randomly form portfolios with fewer holdings then in the...

Not dispute that one bit. There are a whole lot of managers who under perform. Personally, I think that's expected given that markets are generally efficient up to a point. There would be something seriously wrong if most managers outperform the market. My point was merely on the folksy...

I'm not sure I agree with that (also, to nit pick, this isn't much of a study) - these kids picked a lot of consumer cyclicals, which they obviously would given they are kids and these are the companies most visible to them. It follows that their high beta portfolio will do better than the...

I'm with you on that. i think the OP is a complete moron. My point was more of an aside.

Citation please. Any analysis like the one you suggest using a handful of children is highly susceptible to statistical biases. (Moreover, not all manager are concerned or mandated with achieving the highest absolute level of return; many have mandates) Also, not to be pedantic, but no one...

Seriously, this guy is talking out of his ass. The palm is not bad, but it's not exactly in the top 5% of the city. Front of the house at the palm is nothing special, certainly not six figures + benefits.

Given that the original post is basically off topic so far as economics is concerned, we might as chat about these things in general. After all, he proposes some special status to the hindu way of thinking. Thus, it's certain germane to discuss what exactly is the historical basis for all of...

ah ... so the elite priest class uses the historically oppressed poor class as "vote banks" to perpetuate their own agenda and power. Welcome to progress for India. (now now, this kind of thing happens EVERY where. My point is that they happen EVERY where to some degree. So let's not be silly...

It looks like he's a floor guy; Besides, not all institutional strategies are portable. Try to lease an oil tanker like JPM just did for doing basis arb and see how that works out for a IB account.

Yep. Moreover, it's pretty hard to show that it's hindu spirtuality that led to their golden age. I seem to recall a few rather bloody wars of conquests (http://en.wikipedia.org/wiki/Ashoka, for example, but he's ... wait for this... Buddhist, of all things). The scientific advancement of a...

I entirely agree with you. Though, just want to point out that the oldest proof of pythagoras theorem known belonged to the egyptians in the middle kingdom and the babylonians had a concept of zero. In either case, even if they were first, what does it matter. The very fact that the theorems...

Because he didn't say, "let's all be better to each other." He proscribed an economic system that enforces it. All things have costs. His economic system incurs a cost as well. We find it detestable that we have to pay for that cost - one that we didn't agree to - and one that we think is...

Indeed. The original poster's contention that this is some sort of "hindu" economic principle is silly at best. India itself doesn't really seem to implement this "hindu" economic principle. In which case, it's just his own personal interpretation of scriptures - and why it's better if we adhere...

In general, I agree. BUT, this is a discussion forum, right? He posted something because he want it to be read and discussed, no? So in this case, this fella posted something that a few of us find a bit disagreeable, and we state as such. No where did we attack him because of his belief, just...

.... good lord, getting a high gmat has little to do with how much math you did in your undergrad. GMAT math is no more difficult than high school math and higher math definitely does not apply. And no. It alone will not do anything. Please leave this discussion to people who have actually...