Keynes compared the stock market to a competition in which the participants have to pick several pretty girls from a hundred photographs: ‘It is not a case of choosing those which, to the best of one’s judgment, are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligence to anticipating what average opinion expects the average opinion to be.'
-- Zizek on the bank stuff, from the london review of books thing, haven't read it all, just this bit stood out.
And reminds me of a fragment of Jack Spicer the poet:
endure/ the long walk down somebody's half-dream. Terrible.
states
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The whole article is fairly straightforward. I suppose it is worth reading, though what the point is to read about these things, ultimately speaking, I do not know exactly. I found it via the ron silliman blog, it is always nice when he posts an abundance of links to all sorts.
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