Subject: Re: Is the Tao smarter than the Dow?
A lot of that sounds a bit like word salad to me, but the first sentence is certainly worth remembering:
Individual investors and traders who consistently believe they’re smarter than the collective human intelligence of the market often end up in deep trouble.
I would add that this is the case more often than not even when the person's belief about their smarts is correct.
https://imgs.xkcd.com/comics/e...
I've had an amazing year investing, despite averaging 59% cash. But I'm just smart enough to know that it was mostly luck, not smarts.
Jim