The market is not efficient or inefficient at all times. The trick is to find buying opportunities at the inefficient moment and sell when Mr. Efficient Market rules the day for a fleeting moment.
Thursday, October 13, 2011
Under-appreciated idea from Soros
If George Soros were to write his own epitaph, my guess is he would want either "philosopher" or the inventor of the philosophy of reflexivity included. His humanitarian efforts aside, Soros must wish his idea of reflexivity were not so under-appreciated. But then, how else does one make money in today's seemingly senseless market if not to exploit the inherent human traits of herding and running with the crowd and falsely feeling safe?
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