Re: [WSJ] Order in Internet Stock Valuations.

Dave Long (
Tue, 28 Dec 1999 11:09:38 -0800

> > Simply scattering the companies' value and ranking (relative to one
> > another) on an ordinary chart results in a hockey-stick-like pattern

Hmmm. Random interactions among otherwise-identical components
also result in this pattern. It's somewhat disquieting that a model
with so little information gives decent results.

> > ... They found the pattern in spots but nowhere as
> > consistently as with Internet stocks.

It's nice to know that other industries actually require a bit of
garbage in to derive rankings. It'd be even more reassuring if that
extra information had much to do with the nature of the businesses.