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> ... If everyone performs optimally... I guess it's a lucky thing that'll never happen? I seriously think the only skill involved in investing is a combinatio

> ... If everyone performs optimally... I guess it's a lucky thing that'll never happen? I seriously think the only skill involved in investing is a combination of humility and an admission that you're not smarter than everyone else. It keeps you medium conservative and provides solid returns.

dsacco 10y ago
It's impossible to empirically examine whether or not humility and reverse-Dunning-Krueger is important for trading acumen. On the other hand, it's demonstrable that domain knowledge and business acumen, or mathematically modeled market signals and statistical insight can result in reliably superlative returns.