It just means that you can have large numbers of participants being wrong and so, by their sheer weight become unmanageable to a smaller entity which however ha

It just means that you can have large numbers of participants being wrong and so, by their sheer weight become unmanageable to a smaller entity which however has the correct picture. This is why short-selling is not for the faint of heart. You need to know not just that the market is wrong, but when it will realize it is wrong.