7 ms·
From my experience (i work in trading) that saying is more often used by people who had their ass handed to them by the market and don't want to admit they were
by jnordwick 9y ago
From my experience (i work in trading) that saying is more often used by people who had their ass handed to them by the market and don't want to admit they were wrong.
The market doesn't just go irrational. There are always reasons, just that sometimes they are non-obvious even in retrospect.
- deleted 9y ago[deleted]
- omarchowdhury 9y agoMarkets don't go irrational? Ever heard of the Tulip bulb craze or the dotcom bubble? In fact, one could argue that markets are fundamentally irrational since no one has perfect information! The only rationality is the reaction to change!
- dsacco 9y agoThe evidence for the Tulip bulb "bubble", while oft-cited, is actually questionable.
- mattnewton 9y agoYeah, I don't work near trading, but for me it has always meant that you can be "right" about the long term trend but really wrong about the timing. And the timing is just as important.