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Mohit on ben stein
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    0 starsmohit | Shared With: Everyone - Jul 31 2008 | credit, news, finance, ben stein, investment club
    Wall Street, Run Amok - New York Times

    Though generally regarded as an economic conservative, Ben Stein acknowledges the need for improved regulation of Wall Street.

    Quoted: It looks to me as if the inmates are running the asylum. One truth, that deregulation is sometimes a good thing, has been followed down so long and winding a road that it has led to an immense lie: that deregulation carried to an extreme will not lead to calamity.

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  • mohit
    Aug 15 2008

    Quoted: There are two forms of exotic beta. 1) Apply "normal" strategies to "exotic" assets like investing in Namibian and Mongolian equities, timber, shipping freight, wine, uranium, art, movies, violins or footballers. Or 2) apply "exotic" strategies to "normal" securities with new trading styles and finding arbitrages in traditional markets. Personally I prefer alternative strategies for any security ("normal" or "exotic") but then as a risk averse, conservative investor I am not prepared to speculate on traditional OR exotic beta. They are too hazardous for my risk tolerance. Alpha is safer.

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