alt Hacker NewsI think you're wildly overestimating the rationality of investors.
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WalterBright • today at 4:53 AM
If you're smarter than other investors, you can make a lot of money doing the opposite of what they do.
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I think you're wildly overestimating the rationality of investors.
If you're smarter than other investors, you can make a lot of money doing the opposite of what they do.
If other investors are irrational that's a wonderful arbitrage opportunity. But good arbitrage opportunities are rare and don't last very long, so maybe they are rational.