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(Huffington Post)   This is why some people should stick with drawing funny cartoons and keep their economic theories to themselves   (huffingtonpost.com) divider line 13
    More: Obvious, Dilbert, Honey Nut Cheerios, European debt crisis, market manipulation, Erin Burnett, retail investor, Bilderberger, stock markets  
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6281 clicks; posted to Politics » on 02 Mar 2013 at 8:38 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2013-03-02 08:40:25 AM
4 votes:
As near as Adams can tell, these manipulators have some kind of mind meld that lets them know exactly when to buy and sell stocks, en masse

not mind meld, just a series of dedicated computers and custom databases, along with a super secret proprietary algorithm that gives them an 'inside track' on the market and one hell of an advantage over everyone else.

or, in other words, Goldman-Sachs.  so while Adams might sound a bit crazy...do some digging for yourselves.  there are a couple players in the market who almost never lose a bet.
2013-03-02 09:29:04 AM
3 votes:
way south: This.
Even crazy people can be intuitive, and the stock market is a game played very well by a handful of powerful companies. Not so much by the average investor.
Its not beyond reason that the big boys could take us for a ride to make themselves a great profit at everyone else's expense.

/its happened before, on smaller scales.


Hell, even that bashing of Jim Cramer on the Daily Show revealed that there are the 99% of the people who invest their money in 401k, and then there are the intelligent stock brokers who game the system.  Government regulation can't keep up.  It's like the social engineering equivalent of a security hole in software.  The rich stock brokers siphon as much money as they can from these holes, until regulation plugs them up, and then they move on to five others they knew about decades ago.

Banks are the worst.  Just look at the Libor scandal.  Trillions of dollars of interest rate fixing, and they get a billion dollar fine?  It's already got to the point that even the law can't touch these people.
2013-03-02 08:54:22 AM
3 votes:
I love Dilbert, but Adams being kind of an idiot is well known.  He tried to troll Metafilter once pretending to be someone else because folks there were bashing him.  He was called on it in one post.
2013-03-02 09:59:55 AM
2 votes:

MmmmBacon: Alphax: Unsure if he's serious.  Scott Adams, that is.

I would guess it is one of two things: A heaping load of sarcasm, something Adams is well know for, or his butter pat has finally slipped off of the noodles.


No, he's serious. he seems to think that becasue he has some insightful and funny observations about the business world, that his other intellectual insights are equally cogent.This isn't the first time he's come out and said some remarkably stupid nonsese on a subject he knows absolutely nothing about.

Silverstaff: He's kind of used to this kind of commentary, since he even wrote a book about how he's a cartoonist getting his ass handed to him on a regular basis in discussions about involved in serious academic/economic/political matters a few years ago.


Yeah, he got tired of having his moronically stupid opinions torn to shreds by people know something about the subjects on which he opines. I recall some profoundly stupid bit about creationism a few years ago, which got pretty much completely shiat upon by a variety of science blogs. This was followed maybe a year later  with some pondering on intelligent design that would have done his teachers proud - if he were a 14 year old homeschool student. The science blogs were, again, not so kind.

His not-so-funny advice to men's rights activists - that they shouldn't bother to argue with women for exactly the same reason you wouldn't argue with a four year old child or a retarded person - didn't go over too well with the feminist blogs. Nor did his subsequent appearance on at least one of those blogs to explain how they just weren't smart enough to understand what he really meant, and that while they were all acting angry, they all probably secretly agreed with him

His foray into discussing rape didn't fare well, either. I also seem to recall that his musings on Free Will were goddamned dumb, too.  His takedown of atheism was just a simpletons regurgitation of Pascal's Wager

So I'm not really surprised by anything he says anymore. He's stupid, and he believes stupid things.
2013-03-03 11:12:20 AM
1 votes:

tira: Show of hands, who knew it was about Scott Adams before they even clicked?


How many other cartoonists (political editorial cartoonists excluded) ever try to spout off about economics?

In terms of him spouting off about things, I remember his first non-Dilbert book, God's Debris.  Basically a short novel about a package delivery man who meets a strange old guy while making a delivery.  It's basically a philosophy book wrapped up in a bad novel (just like Ayn Rand), the entire plot is the delivery guy sitting down with the old man being taught his philosophy.  The philosophy was basically humanism with some atheism thrown in (i.e. people must reject superstition and irrationality, live by logic and reason for the betterment of their fellow man, and organized religion is a plague on mankind).

The part that all these years later made me laugh was somewhere in the promotional materials for it, he claimed it was a puzzle.  He said he'd left an intentional flaw in the argument somewhere in the book and wondered if anybody could find that "intentional" flaw if they read it closely enough.

Well, the arguments themselves weren't exactly rock solid, it always struck me as "I wrote my philosophy down, and if you say you find anything wrong with it, I MEANT to put that flaw in there to make people read it closely".  i.e. he didn't want to be called out on it being bullshiat.

The book itself was pretty much rubbish, if Scott Adams wasn't a bestselling newspaper comic artist there is no way it would have been printed.
2013-03-02 08:26:45 PM
1 votes:
Show of hands, who knew it was about Scott Adams before they even clicked?
2013-03-02 11:11:00 AM
1 votes:

vygramul: ral instincts of men are shameful and criminal while the natural instincts of women are mostly legal and acceptable. and my eyes narrow, saying to myself, "yes, but where are you going with this?" and, as is the case with most people who talk a



Just for clarification - Adams has a history of editing his blog posts after the fact when the heat is on. So what is there (on his site) may not be exactly what he originally wrote. I do not have the original archive so I cannot say for sure

FWIW - here is one of his original, un-edited posts on Metafilter.com from a while back (pops). Later in the thread he comes clean to being Scott Adams and was roundly skewered for his stupidity.
2013-03-02 10:50:19 AM
1 votes:

Monkeyhouse Zendo: To a limited extent he is correct. Large investment firms can take advantage of arbitrage trading in futures markets that is unavailable to the mom and pop investor or even smaller investment firms. As I recall, there is a building in New York that is wired with an assload of fiber and floors full of server solely to reduce the network latency while doing automated arbitrage trades.

Think about that for a moment. Arbitrage trades are being executed so rapidly and at such volume that your WoW ping time is an unacceptable delay.


If arbitrage trades weren't money for the big guys, there would be no money in infrastructure, but there is.

The low-profile project turned out to have a high-profile backer: Jim Barksdale, former chief executive of Internet browser company Netscape, one of the highfliers of the dot-com boom. In 2010, he unveiled the fruits of his labors, dubbing the company Spread Networks. At an estimated cost of $300 million, Mr. Barksdale had forged a new cable route between Chicago and New Jersey that shortened by three milliseconds the length of time it took for a pulse of light traveling through glass to make a round trip between the two points.

For traders using high-powered computers to profit from the interplay between Chicago's commodity markets and New York City's stock exchanges, those three milliseconds were worth hundreds of millions of dollars, Mr. Barksdale argued.
Market observers say Mr. Barksdale will need to command high premiums to justify his project's cost. As new technology increases the capacity of existing fiber, the wholesale cost of transmitting data between Chicago and New York has dropped 89% since 2005, TeleGeography says. In an interview, Mr. Barksdale's son David Barksdale, chief executive of Spread Networks, wouldn't discuss his project's cost or financial returns but said he hadn't yet sold all his capacity.


From here (Fark won't link, so avoid spaces in URL):

http://online.wsj.com/article/SB1000142405270230386340457728526061505 8 538.html
2013-03-02 10:46:29 AM
1 votes:

jjorsett: Everyone should ignore Adams and go back to listening to the latest viewpoints of Sean Penn and Sophia Vergara.


www.howmuchdotheyweigh.com

\Mmmmm....
\\Sofia Vergara,,,,
\\\Hot...
2013-03-02 10:37:37 AM
1 votes:
Scott Adams is a quack. The best example of this was his Planned Chaos series of rants, but there have been others Many have been deleted (by him presumably) and it took the media in general, a bit of time to catch onto his game, so some things were never documented. However, the Planned Chaos series got enough attention to at least get him to calm down. Although it appears he is back on a rant.

The guy needs professional help.

Scott Adams Deletes Post Where He Calls MRAs Pussies
Anti Feminist Tech | 3/7/11

Dilbert Creator Pretends to Be His Own Biggest Fan on Message Boards
by Adrian Chen | Gawker.com | 4/15/11

Dilbert creator's ever-worsening P.R. crisis
by Mary Elizabeth Williams | Salon | 4/19/11

Why Scott Adams is fed up with Jezebel, Salon, and me and you.
Partial Objects | 6/6/11

Pegs and Holes
by Scott Adams | Dilbert.com | 6/15/11

Scott Adams can suck his Dilbert.
by Colorado is the Shiznit  | Daily Kos | 6/21/11
2013-03-02 09:55:22 AM
1 votes:

Lochsteppe: furiousxgeorge: I love Dilbert, but Adams being kind of an idiot is well known.  He tried to troll Metafilter once pretending to be someone else because folks there were bashing him.  He was called on it in one post.

He's also gone on some strange anti-women rants in the past couple of years.  Not sure if he snapped, or was always like that, or money/fame went to his head, or what.  Kind of lowered my once-high opinion of him.


Yeah, he strikes me as someone who assumes that because he's reasonably intelligent and knows a lot about one particular field (ie - drawing comics that office drones chuckle at), somehow that carries over into all fields. So he'll write an article about economics or politics or physics or something and spout a theory that, if you're ignorant of the field, sounds very persuasive, but if you have even a basic understanding of it is obvious nonsense. And then he gets all defensive and flustered when people point out that he clearly doesn't know WTF he's talking about.

I have no explanation for his "Obama hasn't done enough to legalize medical marijuana, therefore I'm voting for a candidate who will be even more hostile to it" bullshiat, though; that isn't even coherent enough to be wrong, it's just nonsensical.
2013-03-02 09:09:47 AM
1 votes:
simg2.imagesbn.com

He's kind of used to this kind of commentary, since he even wrote a book about how he's a cartoonist getting involved in serious academic/economic/political matters a few years ago.
2013-03-02 07:55:46 AM
1 votes:

Alphax: Unsure if he's serious.  Scott Adams, that is.


He's not exactly Einstein & Minkowski rolled up into a single person; in fact, he's just a guy that draws sometimes funny, but obvious cartoons about a dysfunctional engineering office.
 
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