| OldMcdonald - 2/20/2015 13:48
This is very simple. When someone takes a position in the market, it INHERENTLY MEANS, they think they KNOW something. IE that the market doesn't KNOW.
Once again, how your mind works is very interesting to me. And, I do not think it is merely semantics. IMHO, possessing a mind like yours and being in the markets is the most sure way to lose a lot of money. I'm not saying that you have lost a lot of money - just that having the idea that you KNOW something is a very dangerous mind-set.
Well, the thousands of people that ACTUALLY DO take a position, ACTUALLY DO receive a return on that position, as a result of KNOWLEDGE, will tell you that you are full of it if you believe that.
No, I think the people who bet against those people who think they KNOW something are the ones who tend to "receive a return" from the bets.
George Soros, one of the most successful speculators who has ever lived, always said that, when he put on a position, he assumed that he was wrong.
But, then, who is George Soros - right?? |
Martin Armstrong - A History of Ranting, Wild Predictions, and of Course, Fraud
