I’ve posted Entry #43 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Can Intrade or the Stock Market Predict Future Outcomes?

Juicy Excerpt: P/E10 takes the average intelligence reflected in the market price and adds something to it — an indication of where market prices need to go over time so that they can come to better reflect the economic realities. P/E10 is “smarter” than the investors setting the market price because it is a number and numbers do not permit emotional considerations to overcome their judgment in the way that the humans often do.