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  1. RT @RussThornton: @behaviorgap MPT is theory that's been accepted as scientific fact and elevated to religious status. (via @ChadCastle)
  2. Survey: Is Modern Portfolio Theory: [a] a useful theory [b] a "scientific" fact [c] a religion
  3. 2 critical assumptions of MPT that we better understand: price changes are statistically independant(1) and normally distributed (2).
  4. "Goldman Sachs in Talks to Acquire Treasury Department" ---http://bit.ly/ebLpS
  5. 08.31.1998 the Dow dropped by 6.8%. according to MPT that should happen 1 in 20,000,000. Model says impossible, but it happened.
  6. Jon Stewart + Lenny Dykstra + JIM CRAMER = Funny (if it werent so sad) http://bit.ly/9JAtZ
  7. This is classic! Perfect for a great Friday! Jon Stewart, Lenny Dykstra & a great guest appearance for JIM CRAMER: http://bit.ly/9JAtZ
  8. @SRI_Rockies This might help: http://bit.ly/Jdeko. And it you haven't read this http://bit.ly/17v14o you should.
  9. On October 19, 1987 [Black Monday] the dow dropped 22.61% in one day. The was a 22 standard deviation event! 22!
  10. According to Modern Portfolio Theory the odds of the 7% drop we had on 9.29.09 actually happening were 1 in 1,000,000,000.
  11. Have you read this? Maybe one of the more important books on investment theory...talk to me if you have read it? http://twitpic.com/ajlws
  12. I have just had enough of Suze's picture...anyone else with me?
  13. Prediction is very difficult, especially if it's about the future ---Neils Bohr
  14. “We understand that we are living in a very uncertain world where a lot of people are out of work.” --Goldman CFO about record bonuses
  15. Something is really broken with this system: http://bit.ly/1a1me0
  16. The more I am involved in financial planning the more I agree with this http://bit.ly/GTL0u How did we get this false sense of precision?
  17. Plans are nothing; planning is everything. — Dwight D. Eisenhower
  18. Wow, these articles are coming out of the woodwork: http://bit.ly/bjXRI Is something up, or is this all a sign of a market about to turn?
  19. “We learn from crisis to crisis that MPT has the empirical and scientific validity of astrology (without the aesthetics).” Taleb
  20. Thanks to @chadcastle for the heads up on this article aboout MPT and the issues with downside risk. http://bit.ly/176fVa