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	<title>Comments on: Normal Curves and the Lévy Distribution</title>
	<atom:link href="http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/feed/" rel="self" type="application/rss+xml" />
	<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/</link>
	<description>Risk Management in Australia</description>
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	<item>
		<title>By: Volker</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28618</link>
		<dc:creator><![CDATA[Volker]]></dc:creator>
		<pubDate>Sun, 28 Feb 2010 21:57:58 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28618</guid>
		<description><![CDATA[I&#039;m a total idiot in these distribution things, but I just read the summary of http://pre.aps.org/abstract/PRE/v60/i5/p5305_1.

&quot;For time scales longer than (Δt)×≈4 d, our results are consistent with a slow convergence to Gaussian behavior.&quot;

So, can I assume then, that for an investment horizon of more than 10 years (S&amp;P500), the difference is irrelevant?]]></description>
		<content:encoded><![CDATA[<p>I&#8217;m a total idiot in these distribution things, but I just read the summary of <a href="http://pre.aps.org/abstract/PRE/v60/i5/p5305_1" rel="nofollow">http://pre.aps.org/abstract/PRE/v60/i5/p5305_1</a>.</p>
<p>&#8220;For time scales longer than (Δt)×≈4 d, our results are consistent with a slow convergence to Gaussian behavior.&#8221;</p>
<p>So, can I assume then, that for an investment horizon of more than 10 years (S&amp;P500), the difference is irrelevant?</p>
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	<item>
		<title>By: Why waste your time? &#171; Karmaisking&#39;s Blog</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28355</link>
		<dc:creator><![CDATA[Why waste your time? &#171; Karmaisking&#39;s Blog]]></dc:creator>
		<pubDate>Sat, 07 Nov 2009 03:34:42 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28355</guid>
		<description><![CDATA[[...] http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/ [...]]]></description>
		<content:encoded><![CDATA[<p>[...] <a href="http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/" rel="nofollow">http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/</a> [...]</p>
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	</item>
	<item>
		<title>By: ABOM</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28215</link>
		<dc:creator><![CDATA[ABOM]]></dc:creator>
		<pubDate>Fri, 30 Oct 2009 01:59:26 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28215</guid>
		<description><![CDATA[Yeah, I don&#039;t know why the govt wants to ban consensual decisions that private individuals want to make about their own bodies and their own futures.

The role of govt in such sensitive matters is to stay out of it.  But in most cases they barge right in.

I don&#039;t know why there are drug laws, legal tender laws, laws regulating alternative medicines (conventinal medicine kills many more people), laws regulating adult prostitution, laws regulating the provision of labour (voluntary exchange), laws regulating trade and commerce (the ACCC is a large intrusion in the market for no reason other than to protect big business and law firm interests and banking and govt), laws regulating speeding (no accident has occurred, no victim exists in a speeding offence - it&#039;s like castrating the son of a pedophile in anticipation of him committing the same crime!).

The State exists (I thought) to protect individuals from unlawful aggression, protect people&#039;s property against theft, and protect the country against foreign invasion.  That&#039;s it.  Now I find it&#039;s doing everything BUT these things.  They have turned plunderer.  They have turned thief.  They have turned swindler.  They have turned counterfeiter.  They have turned criminal.  They have been made into slaves of those who wish to control and exploit us. 

Time for anarchy anyone?]]></description>
		<content:encoded><![CDATA[<p>Yeah, I don&#8217;t know why the govt wants to ban consensual decisions that private individuals want to make about their own bodies and their own futures.</p>
<p>The role of govt in such sensitive matters is to stay out of it.  But in most cases they barge right in.</p>
<p>I don&#8217;t know why there are drug laws, legal tender laws, laws regulating alternative medicines (conventinal medicine kills many more people), laws regulating adult prostitution, laws regulating the provision of labour (voluntary exchange), laws regulating trade and commerce (the ACCC is a large intrusion in the market for no reason other than to protect big business and law firm interests and banking and govt), laws regulating speeding (no accident has occurred, no victim exists in a speeding offence &#8211; it&#8217;s like castrating the son of a pedophile in anticipation of him committing the same crime!).</p>
<p>The State exists (I thought) to protect individuals from unlawful aggression, protect people&#8217;s property against theft, and protect the country against foreign invasion.  That&#8217;s it.  Now I find it&#8217;s doing everything BUT these things.  They have turned plunderer.  They have turned thief.  They have turned swindler.  They have turned counterfeiter.  They have turned criminal.  They have been made into slaves of those who wish to control and exploit us. </p>
<p>Time for anarchy anyone?</p>
]]></content:encoded>
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	<item>
		<title>By: Alice</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28213</link>
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Fri, 30 Oct 2009 01:31:53 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28213</guid>
		<description><![CDATA[ABOM - exactly &quot;All this misses the point: there are too many people for the Earth’s fragile ecosystems. &quot;

and we still have idiots in govt making abortion criminal and banning the morning after pill.]]></description>
		<content:encoded><![CDATA[<p>ABOM &#8211; exactly &#8220;All this misses the point: there are too many people for the Earth’s fragile ecosystems. &#8221;</p>
<p>and we still have idiots in govt making abortion criminal and banning the morning after pill.</p>
]]></content:encoded>
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	<item>
		<title>By: ABOM</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28211</link>
		<dc:creator><![CDATA[ABOM]]></dc:creator>
		<pubDate>Fri, 30 Oct 2009 00:10:56 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28211</guid>
		<description><![CDATA[Reference:

http://www.economist.com/opinion/displayStory.cfm?story_id=14744915&amp;source=hptextfeature]]></description>
		<content:encoded><![CDATA[<p>Reference:</p>
<p><a href="http://www.economist.com/opinion/displayStory.cfm?story_id=14744915&#038;source=hptextfeature" rel="nofollow">http://www.economist.com/opinion/displayStory.cfm?story_id=14744915&#038;source=hptextfeature</a></p>
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	<item>
		<title>By: ABOM</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28210</link>
		<dc:creator><![CDATA[ABOM]]></dc:creator>
		<pubDate>Fri, 30 Oct 2009 00:10:31 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28210</guid>
		<description><![CDATA[&quot;Nonsense, say Malthus’s heirs. All this misses the point: there are too many people for the Earth’s fragile ecosystems. It is time to stop—and ideally reverse—the population increase. To celebrate falling fertility is like congratulating the captain of the Titanic on heading towards the iceberg more slowly.&quot;

Precisely.  Either population and production slow sufficiently to save the planet, but bust the finance sector due to aging demographics and reduced GDP, or the finance sector is saved and the environment collapses later due to overfishing, overfarming, overconsuming generally.

The &quot;solution&quot; is monetary reform, you idiots.  Even that&#039;s too late to solve this problem now.

Iceberg dead ahead.  Either financial market collapse or environmental collapse.  Which one will it be?  I bet environmental because the Andie&#039;s of the world have too much power to allow monetary reform to take hold.

We&#039;re one of the dumbest species ever to grace the planet.  Aware enough to know our own destructive potential, but too enslaved by the money powers to escape killing ourselves on our own overconsumption.

How stupid, how pointless, how suicidal is that?

I used to say &quot;got gold?&quot;.  Now I say &quot;got a farm?&quot;]]></description>
		<content:encoded><![CDATA[<p>&#8220;Nonsense, say Malthus’s heirs. All this misses the point: there are too many people for the Earth’s fragile ecosystems. It is time to stop—and ideally reverse—the population increase. To celebrate falling fertility is like congratulating the captain of the Titanic on heading towards the iceberg more slowly.&#8221;</p>
<p>Precisely.  Either population and production slow sufficiently to save the planet, but bust the finance sector due to aging demographics and reduced GDP, or the finance sector is saved and the environment collapses later due to overfishing, overfarming, overconsuming generally.</p>
<p>The &#8220;solution&#8221; is monetary reform, you idiots.  Even that&#8217;s too late to solve this problem now.</p>
<p>Iceberg dead ahead.  Either financial market collapse or environmental collapse.  Which one will it be?  I bet environmental because the Andie&#8217;s of the world have too much power to allow monetary reform to take hold.</p>
<p>We&#8217;re one of the dumbest species ever to grace the planet.  Aware enough to know our own destructive potential, but too enslaved by the money powers to escape killing ourselves on our own overconsumption.</p>
<p>How stupid, how pointless, how suicidal is that?</p>
<p>I used to say &#8220;got gold?&#8221;.  Now I say &#8220;got a farm?&#8221;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ABOM</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28192</link>
		<dc:creator><![CDATA[ABOM]]></dc:creator>
		<pubDate>Wed, 28 Oct 2009 09:04:34 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28192</guid>
		<description><![CDATA[Gary North, getting it right, yet again.  

This is what I believe will happen - the destruction of the supply chain for food, caused by Keynsian-Leninist central banking inevitably failing (as any form of central planning always does), just at the time when the division of labor has made us most vulnerable to starvation.

http://www.lewrockwell.com/north/north777.html

I no longer consider myself mad.  Just early.]]></description>
		<content:encoded><![CDATA[<p>Gary North, getting it right, yet again.  </p>
<p>This is what I believe will happen &#8211; the destruction of the supply chain for food, caused by Keynsian-Leninist central banking inevitably failing (as any form of central planning always does), just at the time when the division of labor has made us most vulnerable to starvation.</p>
<p><a href="http://www.lewrockwell.com/north/north777.html" rel="nofollow">http://www.lewrockwell.com/north/north777.html</a></p>
<p>I no longer consider myself mad.  Just early.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Alice</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28189</link>
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Wed, 28 Oct 2009 04:37:28 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28189</guid>
		<description><![CDATA[It would have taken me all day to find the table.]]></description>
		<content:encoded><![CDATA[<p>It would have taken me all day to find the table.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Alice</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28188</link>
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Wed, 28 Oct 2009 04:37:04 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28188</guid>
		<description><![CDATA[Andy dont be snarky......you didnt say what table it was. There were so many tables in that doc - you have to be precise. Like &quot;table 3 , row 5&quot;, p.22&quot; 

How could I know what table you were talking about???]]></description>
		<content:encoded><![CDATA[<p>Andy dont be snarky&#8230;&#8230;you didnt say what table it was. There were so many tables in that doc &#8211; you have to be precise. Like &#8220;table 3 , row 5&#8243;, p.22&#8243; </p>
<p>How could I know what table you were talking about???</p>
]]></content:encoded>
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	<item>
		<title>By: Andrew</title>
		<link>http://ozrisk.net/2009/06/08/normal-curves-and-the-levy-distribution/#comment-28187</link>
		<dc:creator><![CDATA[Andrew]]></dc:creator>
		<pubDate>Wed, 28 Oct 2009 03:10:48 +0000</pubDate>
		<guid isPermaLink="false">http://ozrisk.net/?p=616#comment-28187</guid>
		<description><![CDATA[Or they simply misread the title of the relevant table, huh, Alice.]]></description>
		<content:encoded><![CDATA[<p>Or they simply misread the title of the relevant table, huh, Alice.</p>
]]></content:encoded>
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