Saved by Matthew Giampetroni
Who Is On the Other Side?
Marks drew a simple but life-changing lesson from these academic debates: if he wanted to add value as an investor, he should avoid the most efficient markets and focus exclusively on less efficient ones.
William Green • Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life
When considered from a behavioral perspective, the price is never right but is often not wrong enough to be predictable. By combining value, momentum and an understanding of reflexive processes, the behavioral investor seeks to invest in a basket of stocks that imperfect subjective appraisal has unfairly punished, but that a positive feedback loop
... See moreDaniel Crosby • The Behavioral Investor
Knowing about markets is knowing about other people’s weaknesses.
Michael Lewis • Liar's Poker: From the author of the Big Short
I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.
Kyle Harrison • Markets, Markets, and Markets
To respond to market cycles and understand their message, one realization is more important than all others: the risk in investing doesn’t come primarily from the economy, the companies, the securities, the stock certificates or the exchange buildings. It comes from the behavior of the market participants. So do most of the opportunities for except
... See more