He then proceeded to shout at Alpha and Beta, a sign that he was in a genuine good mood. They took it as calmly as ever, in spite of the fact that he accused them of things I'm sure no donkey has ever willingly done, especially not Beta, who possessed impeccable moral character.
To something that looks very different. The thing to understand here is that Donald Trump, Bernie Sanders, they're not the disease and they're not the symptom of the disease. They are the beta test of a cure for the perspective of the people.
When you read a book, you generate beta waves irrespective of the book's content. But if you look up from it, and start watching TV - it doesn't matter what the content of the program is - the beta waves disappear and you start processing alpha and theta waves. These are the same waves that you generate during meditation. Reading is primarily left hemisphere and watching television is primarily right hemisphere. Now how could that not have a major effect on our culture?
When it comes to consumer electronics, I'm a big fat sucker, because even though I know you should never, ever buy anything until the second version of it is released, I just can't resist. I live in a state of perpetual Beta.
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta analysis and all that, who are least able to understand the analysis needed to test that hypothesis.