From my experience, a big contributor to their financial success is their unwillingness to recognize any of that.
You don’t have to run fast, just faster than the bear. They just need to be smarter than the investors who aren’t generally all that smart.
While an even smarter person could respond to nuance, then that person loses the investors who cannot follow. So at some point it becomes a liability to be thoughtful and nuanced.
From my experience, a big contributor to their financial success is their unwillingness to recognize any of that.
You don’t have to run fast, just faster than the bear. They just need to be smarter than the investors who aren’t generally all that smart.
While an even smarter person could respond to nuance, then that person loses the investors who cannot follow. So at some point it becomes a liability to be thoughtful and nuanced.