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Pretty much. And it's not a problem only in finance. NN is pretty much not great for anything with a decent amount of randomness in it. Throw in non-stationarity, and it's all over. On the other hand, it's great for things like like character recognition and image processing. It's all about...

Because you have personally shook hand with top hedge fund managers to pass this judgment?

No. That's not what I'm saying. My point is, almost everyone in prison (to paraphrase a well known movie) has a story about how they are innocent. Unless there's some extraordinary or at least convincing proof, it's pretty rational to consider believe in the far more likely scenario. Has he...

This is the quality of the a liberal arts school? I hope your focus wasn't american history. So have we completely forgotten about Andrew Jackson's nepotism; the sedition acts? To say he is the most power president is a bit of a twist isn't it? For one thing, he was the last in two...

Did you get your poli-sci degree on the internet? Bush is at the very top of presidents who increased the power of the executive branch? What about FDR? What about Andrew Jackson? Good lord - people sure have a very narrow span in terms of their memory of history.

That's true of just about every one in the investment business. What's your point?

1. Why not? His credibility isn't exaclty high. It could simply be a routine jail house beating. Or it didn't happen. There are far more likely explaination than the one he offers. If Goldman were so powerful, and he's such a threat, shouldn't he be dead? That's the problem with conspiracy...

Those are probably the ones you don't hear about. By definition, these are the ones who won't argue with you about god or admonish you for believing in it. I personally know quite a few of those (and especially in my travels to former communist countries, where there they literally didn't think...

You can cross the word "atheist" from your statement below and add one category and you would still be right. But that's not what you said in your original post, where you equate the not-acceptance of the existence of god as a mental illness. You statement below is quite different from that...

Alright. We don't disagree on religion. So on to god. It's logically impossible to prove god doesn't exist. It is also logically impossible to prove that god exist. The by *your* analysis, wouldn't it be just as valid to say that people who believe in god is a product of mental illness too...

First, you solved your own riddle. Maybe, just maybe, it's religion that they don't care for. Organized religion certain has enough flaws for a rational person to not want to be a part of. Second, if you are only talking about rabid atheists who are hell bent on converting you, then you are...

... Sure. God is logically possible in this sense as it is logically possible that a bus will appear out of thin air in front you RIGHT NOW. Logically, anything is possible from a simple reference. But we don't call people who don't really believe there's not going to be a bus that appears...

This is obviously true. It's impossible to argue an "impossible" unless all possibilities can be accounted for. Which is funny, since this is the exact type of logic falw that OPTIONAL777 has been making throughout this thread.

Oops, I meant to say cap gains is part of your gross tax liability, not your gross taxable income. Either way, the point stands.

.... ur.... for the most part "investment" income is taxable as ordinary income; even not, capital gains is part of your gross taxable income.... so I'm not sure how "investment" income shield you from your tax liabilities.

I'm sorry - were we supposed to take this nut case seriously? The fella went to jail in connection to securities reg violation and has a clear axe to grind; not to mention his writing reads like the rambling of a paranoid narcissist. Are you him?

Why is futures a superior product design? From the perspective of an unlevered investor looking to take a long term view, etfs seem to be the suitable instrument.

If by thought provoking you mean bat shit insane. His writing is incredibly ill-structured conspiracy-theory drivel that's down right self serving (in connection with the law suit over what, in my opinion, was over improper fund structuring)

Sure do: http://www.timecube.com/

And the author of the conspiracy theory is actually no other than Blankfein, the head of Goldman Sachs! Has anyone ever seen them in the same room together?! I think not!! He even tried to commit suicide to make it took like an assassination. How devious!!