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<div class="moz-cite-prefix">On 5/2/20 8:36 PM, Prof David West
wrote:<br>
</div>
<blockquote type="cite"
cite="mid:126b4a06-d33e-4a2f-81a7-3c51b4d71e2e@www.fastmail.com">
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<div style="font-family:Arial;">Major investors lose little —
certainly as a percentage of wealth — because they have the
super-high speed systems and insider status to ameliorate their
loses. As always, it is the smaller investor that cannot trade
in milliseconds, but in minutes and hours, that loses the most.<br>
</div>
</blockquote>
<p>"ameliorate" hell... those who operate at those levels profit
even better from big drops... they can leverage *any* and *all*
volatility, especially that which is counter-intuitive to the
average investor. Sure they may get up an hour or two earlier
and stay up an hour or two later to parlay around the globe (Hong
Kong, Tokyo, London, etc.) but they are rewarded *handsomely* for
that extra vigilance.</p>
<p><br>
</p>
<blockquote type="cite"
cite="mid:126b4a06-d33e-4a2f-81a7-3c51b4d71e2e@www.fastmail.com">
<div style="font-family:Arial;"><br>
</div>
<div style="font-family:Arial;">davew<br>
</div>
<div style="font-family:Arial;"><br>
</div>
<div style="font-family:Arial;"><br>
</div>
<div>On Sat, May 2, 2020, at 4:12 PM, Gary Schiltz wrote:<br>
</div>
<blockquote type="cite" id="qt" style="">
<div dir="ltr">Would the rich, with proportionally more in the
stock market, be disadvantaged by drops in stock prices? I
suppose, on the other hand, they would tend to have enough
cash or equivalent to to take advantage of the price drops to
buy stocks at reduced prices.<br>
</div>
<div><br>
</div>
<div class="qt-gmail_quote">
<div dir="ltr" class="qt-gmail_attr">On Sat, May 2, 2020 at
5:02 PM <<a href="mailto:thompnickson2@gmail.com"
moz-do-not-send="true">thompnickson2@gmail.com</a>>
wrote:<br>
</div>
<blockquote class="qt-gmail_quote"
style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0.8ex;border-left-color:rgb(204,
204,
204);border-left-style:solid;border-left-width:1px;padding-left:1ex;">
<div lang="EN-US">
<div class="qt-gmail-m_-8816674017628355264WordSection1">
<p class="qt-MsoNormal">Hi, Dave, <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<p class="qt-MsoNormal">Given that the super rich have
the resiliency to respond to any crisis, I have a hard
time imagining anything that would disadvantage them
EXCEPT taxing the living daylights out of them. We
did pretty well on 90% marginal tax rates. <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<p class="qt-MsoNormal">I agree about the White
Quarantine. <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<p class="qt-MsoNormal">Nick <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
<div>
<p class="qt-MsoNormal">Nicholas Thompson<br>
</p>
<p class="qt-MsoNormal">Emeritus Professor of Ethology
and Psychology<br>
</p>
<p class="qt-MsoNormal">Clark University<br>
</p>
<p class="qt-MsoNormal"><a
href="mailto:ThompNickSon2@gmail.com"
target="_blank" moz-do-not-send="true"><span
style="color:rgb(5, 99, 193);">ThompNickSon2@gmail.com</span></a><br>
</p>
<p class="qt-MsoNormal"><a
href="https://wordpress.clarku.edu/nthompson/"
target="_blank" moz-do-not-send="true"><span
style="color:rgb(5, 99, 193);">https://wordpress.clarku.edu/nthompson/</span></a><br>
</p>
<p class="qt-MsoNormal"><br>
</p>
<p class="qt-MsoNormal"> <br>
</p>
</div>
<p class="qt-MsoNormal"> <br>
</p>
<div>
<div
style="border-right-color:currentcolor;border-right-style:none;border-right-width:medium;border-bottom-color:currentcolor;border-bottom-style:none;border-bottom-width:medium;border-left-color:currentcolor;border-left-style:none;border-left-width:medium;border-top-color:rgb(225,
225,
225);border-top-style:solid;border-top-width:1pt;padding-top:3pt;padding-right:0in;padding-bottom:0in;padding-left:0in;">
<div><b>From:</b> Friam <<a
href="mailto:friam-bounces@redfish.com"
target="_blank" moz-do-not-send="true">friam-bounces@redfish.com</a>>
<b>On Behalf Of </b>Prof David West<br>
</div>
<div><b>Sent:</b> Saturday, May 2, 2020 3:02 PM<br>
</div>
<div><b>To:</b> <a href="mailto:friam@redfish.com"
target="_blank" moz-do-not-send="true">friam@redfish.com</a><br>
</div>
<div><b>Subject:</b> Re: [FRIAM] ill-conceived
question<br>
</div>
</div>
</div>
<p class="qt-MsoNormal"> <br>
</p>
<div>
<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;">I once taught an honors course,
with Father Smith at St. Thomas on the
Anthropology and Theology of War. One of the
prime forces behind war — since prehistory — had
been nothing more than birth control.</span></span><br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;"> </span></span><br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;">davew</span></span><br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;"> </span></span><br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;"> </span></span><br>
</p>
</div>
<div>
<p class="qt-MsoNormal">On Sat, May 2, 2020, at 12:37
PM, <a href="mailto:thompnickson2@gmail.com"
target="_blank" moz-do-not-send="true">thompnickson2@gmail.com</a>
wrote:<br>
</p>
</div>
<blockquote style="margin-top:5pt;margin-bottom:5pt;"
id="qt-gmail-m_-8816674017628355264qt">
<div>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Well,
in a sense that’s correct. But their <a
href="https://www.researchgate.net/publication/238356686_A_Utopian_perspective_on_ecology_and_development"
target="_blank" moz-do-not-send="true">method of
“birth control”</a> is not one that I am
prepared to take as a model. Just imagine the
worst sort of dystopian post apocalyptic novel.
See the description of the Calhoun experiment on p
224.<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Nick<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<div>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Nicholas
Thompson<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Emeritus
Professor of Ethology and Psychology<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Clark
University<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"><a
href="mailto:ThompNickSon2@gmail.com"
target="_blank" moz-do-not-send="true"><span
style="color:rgb(5, 99, 193);">ThompNickSon2@gmail.com</span></a><br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"><a
href="https://wordpress.clarku.edu/nthompson/"
target="_blank" moz-do-not-send="true"><span
style="color:rgb(5, 99, 193);">https://wordpress.clarku.edu/nthompson/</span></a><br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
</div>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<div>
<div
style="border-right-color:currentcolor;border-right-style:none;border-right-width:medium;border-bottom-color:currentcolor;border-bottom-style:none;border-bottom-width:medium;border-left-color:currentcolor;border-left-style:none;border-left-width:medium;border-top-color:rgb(225,
225,
225);border-top-style:solid;border-top-width:1pt;padding-top:3pt;padding-right:0in;padding-bottom:0in;padding-left:0in;">
<div>
<p class="qt-MsoNormal"><b>From:</b> Friam
<<a
href="mailto:friam-bounces@redfish.com"
target="_blank" moz-do-not-send="true">friam-bounces@redfish.com</a>>
<b>On Behalf Of </b>Marcus Daniels<br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><b>Sent:</b> Saturday,
May 2, 2020 12:15 PM<br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><b>To:</b> The Friday
Morning Applied Complexity Coffee Group <<a
href="mailto:friam@redfish.com"
target="_blank" moz-do-not-send="true">friam@redfish.com</a>><br>
</p>
</div>
<div>
<p class="qt-MsoNormal"><b>Subject:</b> Re:
[FRIAM] ill-conceived question<br>
</p>
</div>
</div>
</div>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"><
<span style="color:black;">You recall that I
invoked as a model that experiment in which 24
rats were put in a quarter acre enclosure in
Baltimore and fed and watered and protected to
see how the population would develop. They
never got above two hundred. </span>><br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Maybe
the rats were right?<br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1"><span
class="qt-gmail-m_-8816674017628355264size"><b><span
style=""><span class="size"
style="font-size:12pt;"> </span></span></b></span><br>
</p>
<p
class="qt-gmail-m_-8816674017628355264qt-msonormal1">Marcus<br>
</p>
</div>
<div>
<p class="qt-MsoNormal">.-. .- -. -.. --- -- -..-.
-.. --- - ... -..-. .- -. -.. -..-. -.. .- ...
.... . ...<br>
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<p class="qt-MsoNormal">FRIAM Applied Complexity
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<p class="qt-MsoNormal"><span style=""><span
class="font" style="font-family:Arial,
sans-serif;"> </span></span><br>
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<pre class="moz-quote-pre" wrap="">.-. .- -. -.. --- -- -..-. -.. --- - ... -..-. .- -. -.. -..-. -.. .- ... .... . ...
FRIAM Applied Complexity Group listserv
Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam
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archives: <a class="moz-txt-link-freetext" href="http://friam.471366.n2.nabble.com/">http://friam.471366.n2.nabble.com/</a>
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</pre>
</blockquote>
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