Re: The Campbell Method - Posted by Robert Campbell
Posted by Robert Campbell on October 10, 2003 at 10:41:42:
Thanks for sharing a few of your opinions, even though I would have been impressed far more if you provided me with data that supported your opinions.
You made this comment (kind of a criticism, actually) on the academics: “If you can’t do, teach.”
It’s funny you should say that becaise when I opened up The San Diego Union Tribune this morning, guess what story made a front-page headline?
“Two Former UCSD Professors Win Nobel Award in Economics.”
UCSD, in case you are not familiar with the college system in California, is an abbreviation for University of California at San Diego.
The story told how Clive W. J. Granger and Robert F. Engle developed a breakthrough technique for figuring out how interest rates, stock prices, and other economic variables inter-relate.
While this kind of brainy stuff may bore you (a doer, I assume) to tears, central banks all over the world are now using this technique of Engle and Granger to manage risk and manage money.
By the way, this Nobel award carries a cash prize of $1.3 million, which will be shared equally between the two recipients.
Don’t discount brains, Willie. Good brains - when coupled with ambition and some good luck along the way - is always a winning combination that gives you an advantage in life.
I don’t know how old your are but do you remember (or have you ever heard of) the TV serial Sanford and Son? One of my favorite lines from Redd Fox (the star of the TV program) was:
“Life is hard, but it’s really hard when you’re stupid.”