Even if you are somewhat decent at calling bottoms, you would still lose in the long run
We may now understand the magic, but only the magician could have created the trick.
The law most likely to govern here is the Law of Unintended Consequences
The illiquidity premium was assumed to be a foregone conclusion by any institutional investors. It’s time to reassess this idea.
If you have to forecast interest rates, do it in the shower where nobody can hear you.
What’s fascinating about investor amnesia is that it not only causes long-term investors to forget their gains, but that it also has them forget about the pain they endured to receive them
The more you pay attention the more behavioral risk you create for yourself
The same mindset that allows visionaries to see things normal people can’t blinds them to realities normal people understand
Weaker intuition and harder story-telling
Don’t catch yourself trick-or-treating to the people you love
You hate yourself for hating yourself
They struggle with credibility
I don’t like guys that talk shit and don’t play in games
What the advertiser needs to know is not what is right about the product but what is wrong about the buyer