I am pretty sure I would have the same point of view as you about Rand, if I had read Nietzsche, alas I am indeed much more ignorant than I care to admit.
Live in brisbane - no, on vacation for a month, or two, or three....
Having lived in 6 countries, I find the Canadian Rockies pretty good, only living in northern Europe would interest me now (although that is fast dying as Europe is turning very much into a nanny state/region)
Silva is neat - thanks for that. I find it hard to take anyone under 40 seriously though. Especially when he talks that fast, with so much material like a verbal waterfall, with thoughts as diverse and rapid as the attention span of a young person today.
It's apples and oranges, comparing economists to philosophers, but the thinking is the same, the thought processes are similar, and economists (good ones anyway) are keen students of socioeconomics and history, bordering on a little bit of simpleton philosophy which I get, most of the time
EW stuck to me for one reason - accidentally I had read Richard Schabaker before I read Robert Rhea, John Murphy, etc etc......then EW made sense. Elliot did not come up with a new theory, his interpretation was an extension of Dow's original classical TA observations, influenced by Schabaker's work. Schabkaer is arguably the father of waves or cycles, Elliot ran much further with them. Given the inter-connectivity of EW with Fibonacci sequencing, the cross linking of the golden ratio with everything....it was not hard for me to give credence to EW, as this brought (in my mind) - things from Dow to Schabaker to Elliot to the golden ratio all together in one approach. As usual, this "works for me"....as yours does for you. But, I am still a "J" whereas, you have mellowed into an "X", so I am "righter" ??
Last edited by Deucalion; April 5th, 2012 at 07:12 AM.
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Well, I guess philosophy is something I feel strongly about. I had decided on getting a degree in it, but then I found trading. I delved into existentialism as a teenager, but then I moved on to logical positivism. That helped me regain my love for mathematics...
I've lived quite a few places myself, I spent 3 years going around the world twice. I really liked Australia, but I think Hawaii was my favorite. It's too bad it's so difficult to get a US visa. I would love to divide my time between Hawaii and California. Any intelligent, beautiful women reading this thread? Please propose via PM. I'm (relatively) young, handsome and frighteningly intelligent. I like long walks, stimulating conversations and playing the ukulele.
I get what you're saying about Silva, but I quite like it. His way of combining interesting thoughts with beautiful imagery and sound is high art in my book. However, I generally prefer my intellectual candy to be more slow-paced. I generally prefer older things. I watched this earlier today: Artificial Intelligence : Free Download & Streaming : Internet Archive .
I like the name of that blog! I actually came across Sowell last year (or was it two years ago) when I was doing some research on something else. I especially remember a debate from the 70s(?) about welfare, in which Friedman also participated. Friedman surely was an interesting creature.
Speaking of the "War on Drugs": I really admire Friedman's stance: . The Global Commission on Drugs supports his view (http://www.globalcommissionondrugs.org/wp-content/themes/gcdp_v1/pdf/Global_Commission_Report_English.pdf). In the last few months we've had some discussion about legalizing marijuana here in Norway. Several of the youth parties are in favor, but the discussion has not been very productive so far. It's sad to see the replies by those opposed; it's usually non-factual emotional drivel. I don't smoke, or plan to, but I think it's stupid to devote excessive resources to a "war" that isn't winnable. It also diverts resources which could have been better spent on fighting hard crime.
I have an affinity for old TA "scriptures": Schabacker, Dow, Hamilton, Wyckoff, Watts, MacKay, de Villiers, Selden, "Guyon" and Edwards & Magee. However, I also enjoy Graham and Dodd, and Loeb.
Then you have guys like Baruch and Livermore. Both excellent market practitioners, and in a class of their own.
Paul Tudor Jones has spoken about EW a few times, he even mentions it in his documentary. In the foreword to Fisher's "The Logical Trader", he states that Prechter's book is one of five books he requires new traders to read. I actually watched Precther's documentary a few months ago History’s Hidden Engine . I fully agree that society is cyclical, but I'm not fully understanding the predictive value of EW.
I think you are the only one who has been negative to my drifting toward "X", but I see your point. I've come so far that I will openly admit that you are "righter", but I'll think the opposite quietly. We'll see how long I manage to keep the "J" at bay...
By the way, I want to clarify that my hatred for the world is based on the belief that we, as conscious creatures, could have done so much better.
Last edited by Lornz; April 5th, 2012 at 06:21 PM.
This thread is awesome, I can read cool shit, not get into arguments with petty minds and just talk. Watch funky videos......
BTW, thanks on the neuroplasticity book link (Schwartz & Begley) - I am sold, Didn't do anything initially, But after going over Luminosity, CogniFIT and CogMed...I ended with with IQ Mindware's program.....on their forum...there are links to interesting research on brain rehabilitation from neuro-trauma medical research that feeds into the concept of neuroplasticity - some cutting edge stuff that indicated that as neuroplasticity gains a wider audience and research dollars, specific activities can eventually be developed in the future to channel development of specific functions - sort of like specific exercises to isolate fast fibers and slow twitch fibers in muscle tissue. Just imagining and understanding that the synapses can be re-rewired is mind blowing (pun intended). Not just in the area of undoing brain damage, but allowing the brain to perform at a higher level on trading endeavors .........A "Treadstone" program to create a "Jason Bourne" of trading ...perhaps.......woot! That's also where I got a referral to Begley and Schwartz's book - should have it shortly).
Friedman / Chomsky / Rand / Sowell - same view on drugs / war / colonialism / "occupation-ism" etc etc...all the hot button topics...no one wants to touch. I got a dirty look when I wanted my licence plate to read "KAOS" or "NRKST"....the desk clerk looked at me as if I was a child molester....anarchy is a bad word apparently with the wildebeest...who need to be told how to live, who need rules for everything...pretty soon we will told how to raise our children as well (wait, that ship already sailed)....rules....rules for rules and on top of other rules.......
I lit a fuse the other day, told a bunch of guys that no one has the right to tell Iran NOT to build weapons, how can we dictate that...I knew exactly what the response was....I wasn't disappointed...we are so predictable...... At the moment I said that to make the evening more interesting an be an "ass" ...(but in seriousness I very much support that view.....no one has the right to tell others what to do)
Be that nihilist "J" type, revel in your madness, it is your signature you were here.....be a polite asshole
This neatly leads me to EW - people claim EW is too subjective, too vague, multiple answers to everything, and that you never how how to use it......this appeals to me......EW waves can be isolated....no need to identify a complete 5W (with all its attendant intra-wave distribution)...I do okay (for me) trading 6months of the year trading just a part of the wave....and drinking scotch the other 6 months of the year......I don't have to have rules for EW...I like chaos, it ruffles other peoples' feathers, people lose their bearings, they make bad decisons...in their lives and with their capital...that creates short term market inefficiencies.............that all one needs .....The prediction bit works only if you identify major waves (isolating minor and intermedaite waves is not good enough)...because the major waves can kill if one is trading against it........
PS - I can't help but phrase things with double entendre, I know you get it - hope others do (if not, too bad)
Last edited by Deucalion; April 6th, 2012 at 12:07 AM.
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Suddenly things started to make sense, and I signed up for some CS at my local university thinking that I wanted to become a programmer. However, I was quite disappointed with how things are structured. I can't understand why LISP (or a dialect) isn't used in all first courses. It's much easier to grasp the concepts with LISP, whereas other languages only leaves me with more question about their structure. Anyway, as I continued my research, I found David S. Touretzky's book Common Lisp: A Gentle Introduction to Symbolic Computation (Common Lisp: A Gentle Introduction to Symbolic Computation). That is, hands down, the most excellent introduction to programming I've seen. It has no prerequisites other than a basic understanding of arithmetic (as opposed to calculus for SICP and algebra for HTDP). The book is full of graphical models that very clearly illustrates the concepts. I could not put it down once I started reading. I ended up completing that book before doing the rest of the SICP lectures, and that probably made those more enjoyable also.
Well, I rendered my placeholder post useless by taking an inordinate amount of time.
Yes, it's a cool thread. That's why I started it. I was hoping it would bring out more discussion, though. It seems only people sharing squiggly lines get attention...
You must report back on your experience with IQ Mindware. There's a lot going on that field. There is a research project at my university which focuses on brain plasticity and grey matter expansion. The results have been promising so far. I'm hoping to do a PET scan in not to long, and really start exploring the neural pathways. The next step is incorporating psychedelics -- the greatest untapped resource of modern times?
I've been trying to get that off the ground for years, but this has made it easier: Sobered up using LSD
I'm hoping to be the first to participate in/co-sponsor a clinical trial of LSD for OCD. I've been working on a theory of treatment for years, and I think it looks promising. The key lies in its properties as a 5-HT2A antagonist, which is not new, of course.
Its importance in the revolution of computer science (among other things) at Berkely in the 60s is fascinating for sure. Even in modern days it seems one can trace some progress to LSD. LSD: The Geek's Wonder Drug?
If you think the War on Drugs is a hot topic, try convincing people that LSD as a vehicle for treatment makes sense...
Sadly, people often lack the ability to think rationally and logically. LSD poses virtually no risk physiological harm, but psychological side-effects might occur. It seems that this only works as trigger for preexisting conditions, and does not cause anything by itself. It seems that latent inhibiton plays a part in one's ability to handle the substance. (Latent inhibition - Wikipedia, the free encyclopedia) Roughly translated: It might lead to sensory overload for people of average intelligence or less, but it might have a potential for personal growth for highly intelligent individuals. If one considers the nature of psychedelics, I would claim that such a theory seems intuitively valid.
My focus, quite naturally, is on OCD, but the basic theories holds true for any behavioral modification. OCD is the ultimate "brain lock", everything else, except schizophrenia perhaps, should be slightly easier to untangle.
It seems your trading is eerily similar to my longer-term approach, at least philosophically. The market ebbs and flows; try not to wipe out too often...
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I am not a scientist and so I will refuse to argue any of the points or ideas put forth here as I simply don't understand....but I had a cousin on LSD who we had to teach to tie his shoes once he got off. The stuff simply fried his brain.....he is permanently disabled but can function in society albeit with difficulty....I'm not convinced its "safe".
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris