No. of Recommendations: 18
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.
imgs.xkcd.com - Engineer syllogismI'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
