"There are no shortcuts to knowledge, especially knowledge gained from personal experience. Following conventional wisdom and relying on shortcuts can be worse than knowing nothing at all."
Asymmetry in value between demand and supply: Typically, the value created by a marketplace is asymmetrically distributed across participants. In other words, marketplaces are often more valuable for one type of participant— either the supply or demand side. However, the level of asymmetry is not consistent across marketplaces. For example, supply ... See more
the problem was: there isn’t an easy way for a relatively savvy investor to get the type of market-beating risk-adjusted returns that hedge funds and their clients have access to.