Sunday, January 31, 2010

More thoughts about neighborhoods and artists...

People want to be close to the arts. I think it is required of all white people to go through a phase where they dream of living in an area like Greenwich Village and neighbors with a character like Bob Dylan. Or maybe you would prefer to move into the an apartment over Pioneer Square and hang out with Tommy Dean. But of course, investing in Artists is often like investing in volcanoes. Science can tell us, beyond a doubt, Mt. Rainier is a volcano and could blow up any day. The problem is, science can not currently tell us when Mt. Rainier is going to blow. Nor can any economist tell us when Tommy Dean is going to become famous.

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