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Then there are the many people who pump (and pay for) 92+
octane premium gas when their car doesn't (and can't - since
they don't have a higher compression engine and/or one with
a knock sensor) benefit from it. I also got into a
discussion that turned a bit heated on this with someone.
They "believed" that the auto company was lying to them in
the manual that said the car was engineered to run on 87
octane gas and that their car would actually run better with
the higher octane gas. And of course, we also have the
placebo effect in drug testing where something like 35% of
the people will have a positive effect to a sugar pill. Or
the "new economy" believers <g>. I could go on. Who was it
that said "you can never go wrong underestimating the
intelligence of the American consumer" <g>? The human mind
is a strange mechanism...
JW
NW: This is not an attitude. It is an observation based on
being in various
aspects of the trading business for 25 years. Additionally,
my wife was a
commodity rep. for 17 years. That is a combined
42 years of experiencing and observing other people trade.
If that is not
enough, I have studied consumer behavior. I have watched
people study the OJ
case, had me tell them that there was a cheaper OJ that was
the same stuff, but
they insisted on buying the higher priced OJ and got angry
at me for telling
them about the good deal. Most premium OJ comes from the
same place. Ever watch
where there are two gas stations next to each other and one
is substantially
cheaper than the other? Many will fill up at the higher
priced pumps even
though everyone knows that the gas may be the same. Yes, one
of my big
revelations in life is that contrary to what Adam Smith
would like you to
believe, people are not totally rational and money is way
down the list for
motivation. Just read Masilov, Managerial Behavior and what
motivates people.
Most people do not put money as their number 1 motivation. I
was shocked to
learn this, because as you have alluded, money is one of my
prime motivations
and I falsely assumed for much of the first half of my life
that most people
were like me. Wouldn't that make the world be a better
place? <G> Now, I have
seen the light! .
> As for criticizing my FREE comments that I voluntarily
posted on this list,
> I think you got your money's worth. I don't see Morgan
Stanley, Goldman
> Sachs, The Prediction Company, Eli Lilly, Merck, Amgen,
IBM, or GE, giving
> away details their research. Why should anyone? What I do
is point others in
> the direction I am looking. If they are capable of doing
their own research,
> they can check it out on their own. If they can't do the
research and are
> interested in pursuing it, they should either hire someone
who can do it for
> them or learn to do it themselves. I am not here to spoon
feed anyone, and I
> don't think anyone should have the expectations from
anyone on this list that
> they should be spoon fed. The most anyone can expect is to
be pointed in a
> direction or have something brought to their attention and
then its up the
> recipient to do proper due diligence research.
Motivationally,
Norman
>
>
>
> And while we're at it,...near the end of 1999, ...on RT
you posted that
> there was a major change in trend due for US markets
02-29-00,...
> but despite specific requests for clarification,..never a
follow up.
>
> Same for upcoming month of May, 2000....it is to be
"huge".
> Just what does "huge" mean,...a likely high or a low,...or
nothing,
> ..just another non-actionable riddle.
>
> Is your real intent to attract subscribers or to share
ideas?.
> This isn't meant to offend you,...just know that others
view
> RT forum as a place to share ideas openly.
>
> Jim Pilliod jpilleafe@xxxxxxx
>
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