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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝 SILVER
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Number: of 20398 
Subject: Re: Is the Tao smarter than the Dow?
Date: 12/26/25 9:57 AM
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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/engineer_syllogism.pn...

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
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