Wednesday, October 15, 2003
More on Eli Noam
Was SMART Letter #90 unfair to Eli Noam? Didn't mean to be. Eli Noam is no dummy, just a bit locked into the Wall Street/Big Telco view of the world. His "New Volatility" theory is a good scenario. But scenarios always come in sets, and if you choose one, it's as if you're predicting. If you can predict any better than chance, and you're not a stock picker, you're in the wrong profession. Anyhow, Noam has taken his "Remedies for Telecom Recovery" show to Telecom2003 in Geneva. Here's a good story on it from the show's daily e-news, called "The days of steady growth are gone; prepare for the 'new volatility.'”
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