Where Nobel Economists Put Their Money

[islespatrick]

of coarse they have a "hedge fund"-they're greedy.

[coldarc]

1:07 slit eyed. the other two guys normal eyes. no video malfunction. reptilians everywhere.

[motika84]

R.I.P. Paul Samuelson (((:

[Leobons]

burn in hell paul samuelson

[plushcartoon]

@Leobons LOL

[66chevyo]

Paul Samuelson.......wow........Ver­y Very Scary. The face of American Economic Socialism

[maharal9]

@66chevyo How many volumes of his papers have your read? Logic of Economic Analysis?

[66chevyo]

@maharal9 "Every economy has its contradictions …. What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth." ~ Paul Samuelson

[66chevyo]

@maharal9 "Contrary to what many skeptics had earlier believed, the Soviet economy is proof that … a socialist command economy can function and even thrive." ~ Paul Samuelson

[anon69]

The most meaningful line spoken in this video, by Paul Samuelson: "The evidence is overwhelming that a thousand timers, trying to buy when stocks are low and sell when they are high, is a damnably awful record."

[Nautilus1972]

Warren Buffett just put a bunch of cash into Goldman Sachs, one of the 8 Jewish banks that make up the Fed. The Fed are screwing America daily since 1933. They print and lend Americans their *own* currency AT INTEREST thanks to the ludicrous Federal Reserve Act of 1913. Go figure. Abolish that dumb act and give America back to the people, or at least the Govt.

[BOARBIG]

RIP Paul Samuelson

[riabaublahblah]

RIP Paul Samuelson =((

[gunsandbullhorns]

"Contrary to what many skeptics had earlier believed ... the Soviet economy is proof that ... a socialist command economy can function and even thrive."

-Paul Samuelson (1989)

[hswatnik]

rip paul samuelson

[OcelotDAD]

Well Robert Solow made that growth model which is quite important I guess.

But the best economist ever is, by far, Robert Lucas Jr. His work is amazing.

[LucBertolotti]

Please someone explain to me how it is that among nobel laureates economists are the ones who value this prize the most.

[Ou8y2k2]

@LucBertolotti The MONETARY prize. Badabing!

[ArmArmy88]

These eggheads are dodging this simple question for one reason: If they disclose the bonehead mistakes they made while investing, people will think they're complete morons, WHICH THEY ARE. Anyone who calls themselves an economist that doesn't know his or her asset allocation, or understand the stock market for that matter is a COMPLETE FRAUD. I can't believe these MORONS are taken seriously.

[QuasistellarQuark]

Care to share your pearls of wisdom with the world, wise one? Do you even know who these people are, what their theories state. Do you even know the difference between economics and finance? Do you understand the stock market, let me guess you think you do?

By the way excellent use of caps lock.

[ArmArmy88]

I know the difference b/w finance and economics inside-out; I make my living from that knowledge. I'm a stock and currency trader. I wrote a trend analysis in 2005 forecasting the coming demise of the real estate market and the overall economy. But why am I even wasting my time arguing with a complete stranger? This will be my last post.

[polarbeach]

I agree with caplocks. Yes finance and economics are not the same , however if one is a noble prize winner in economics they should know a little about their own finances don't you think ? atleast a little ? and not nothing like stated in the video.

[QuasistellarQuark]

I think your expectation of their response is overstated. The main point of my initial response is that they are not portfolio managers - academics for the most part do not give CNBC type responses with respect to valuation and stock picks.

For the most part they will hold some combination of cash, bonds and index funds. I prefer their honest responses to some fabricated response.

[LucBertolotti]

If these economists turn out to be the best of the world.... we are in trouble

[themagus187]

How the fuck did these 3 guys win a nobel prize? They have 3:44 minutes to talk and not one of them said anything even remotely applicable or insightful with regard to academic economics or practical theory.

[sysopkc]

They tell people in power what they want to hear, which assists the models to remain the same. For that they are rewarded careerwise. Its a play thats been going on for YEARS and has helped undermind our standing in the scientific community throughout the world. Basically its intellectual corruption for the sake of advancement and egotistical reputation and publishing. By the way Greenspan by the way, failed in the private sector. The man was a fool and helped plant the seeds for this problem.

[golfprobro4eagles]

Ok a nobel prize for thinking like Obama. yay

[24gray24]

Extraordinary posts. i enjoyed it.

[brokeinvestor]

Robert Solow, You sir, are a joke and people like you are the reason for this crisis. Economists who dont have a fucking clue how markets work.

You dont know how the markets work unless you consistantly make money from them.

[luc2507]

On the contrary, I think Robert Solow is the best one of the three nobel winners. He earned a lot of money without to put his money in a casino, try to understand how casino works is useless and financial marktes is a casino the most part of the time. On the other hand, most of people submit their money to financial institutions without any options to determine where it should be, so regular people is not the responsible for this crisis.

[brokeinvestor]

A casino isnt that hard to understand and the markets are defiantly not a casino (you can treat it like one however).

[BlueEagle8]

as one guest on Fox said - it's a festival of ignorance.

In times of crisis do what people have done for 5000 years... buy gold or any tangible asset. I hear toilet paper is a hot commodity in a depression.

[batamija]

these guys are a disgrace !!!

[aleksandarminovski]

Do you have a point? I do not seem to understand the basis of you claim... There is not a single tool that could accurately predict the trends in the stock market....Listen what paul samuelson says... empirical evidence proves that...

[veritas327]

these guys are a disgrace

[antiiraqwar]

The iron sheik knows more about economics than these guys combined; at least he buys pot to get high oppose to these guys who buy stocks that are too high!