Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Sunday, March 8, 2009

Nasa

I posted that Richard Feynman thing. It reminded me. That and the NASA thing I'm watching. Feynman pointed out that the management of NASA have been miscalculating the failure rate of the shuttle for years. It's in the 50-1 and 100-1 ratio. With the last disaster it roughly proves that range for the failure rate.

If you go through that information, he points out how foolish the calculations are. The ground engineers have known it forever.

but the more probably truth is that management knew it too. They have just been lying about it for a very long time.

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