Here’s a post from two weeks ago discussing the idea that Siemens would procure Alstom and GE had no chance of making the acquisition of a major French industrial champion. Also, I am reposting a piece from two-and-a-half years ago in reference to a comment on yesterday’s blog by Chicken. The post highlights the THE SLOWER FOOL THEORY, propagated by Richard Dennis. It does a great deal to explain why investors pursue a course of action which they inherently know is fraught with high risk for little reward. The global bond markets are now the paradigm for the theory.
April 28, 2014: George Soros In the Time of Draghi
November 21, 2011: Europe has AUSTERITY and POLITICAL REPRESSION; The U.S., FINANCIAL REPRESSION
Tags: Alstom, GE, Richard Dennis, Siemens, Slower Fool Theory
May 20, 2014 at 7:56 pm |
Right. For all I know, maybe the reward is worthy of the risk say if perhaps the deferred contract is already overcompensated.