Market Effeciency

Gan,

most of your fundae on markets and institutions like the govt. assume an artificially intelligent mechanism in place (assuming the market & institution is an inaminate entity) which must ensure its efficient working. while the theory on efficient markets would say certain things, I think there are enough aberrations, loopholes that people continually exploit and profit from, be it IPO pricing or hedge funds. I agree that the long term profitability of such aberrations might be suspect; however, they do exist in the short term and the id (Bart-speak for idea) is to make money from them while they last.

As for govt removing money from you and giving poorer people goes, I think it is wishful socialist intellectual masturbation!
_____________________________________________
From: Iyer Ramganesh
Sent: Tuesday, October 18, 2005 3:41 PM
To: Tilotia Akhilesh; Pawar Swapnil; Raja Kanishka
Subject: RE: jis prakar se bazzar gir raha hai,

its the difference between what is good for the individual and what is good for the society
if i am here for speculation, market shud stop me

something like - i wud rather have more money than less
but govt. has to remove money from me and give a poorer guy

ramg

_____________________________________________
From: Tilotia Akhilesh
Sent: Tuesday, October 18, 2005 3:39 PM
To: Iyer Ramganesh; Pawar Swapnil; Raja Kanishka
Subject: RE: jis prakar se bazzar gir raha hai,

and I thought we were proponents of limited liquidity :)

_____________________________________________
From: Iyer Ramganesh
Sent: Tuesday, October 18, 2005 3:38 PM
To: Pawar Swapnil; Tilotia Akhilesh; Raja Kanishka
Subject: RE: jis prakar se bazzar gir raha hai,

good

healthy market exists bcos of such divergent views

ramg

_____________________________________________
From: Pawar Swapnil
Sent: Tuesday, October 18, 2005 3:37 PM
To: Iyer Ramganesh; Tilotia Akhilesh; Raja Kanishka
Subject: RE: jis prakar se bazzar gir raha hai,

on the contraary, i was thinking of longing now!!!

_____________________________________________
From: Iyer Ramganesh
Sent: Tuesday, October 18, 2005 3:35 PM
To: Tilotia Akhilesh; Pawar Swapnil; Raja Kanishka
Subject: RE: jis prakar se bazzar gir raha hai,

wow !
its phenomenal !!

but am still waiting for it to fall to 6500 before longing

ramg


_____________________________________________
From: Tilotia Akhilesh
Sent: Tuesday, October 18, 2005 3:32 PM
To: Iyer Ramganesh; Pawar Swapnil; Raja Kanishka
Subject: jis prakar se bazzar gir raha hai,

hume lagta hai hamari naukri gaye :)

cheers,
akhilesh

ossum bear hug!