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Does anyone think the market is fair? The market will stay irrational longer than you stay solvent.

• Galanwe 6y ago
  The market is composed of millions of participants. Nobody is saying it is "fair" (what does it even mean? ) but it definitely is a consensus of all these participants. Don't fall in the trap of watching after-the-fact movies about previous crisis, and conclude that "some guys knew it all along but the system tried to hide it". That is not the reality. The reality is that systems at play are complex, every single day thousands of analysts predict an upcoming crisis, while other thousands predict the opposite. When you don't understand a price move, it's actually quite difficult to know whether the others are in the wrong and you know better, or if the others just know more and you're in the wrong. Watching movies about some guys that were right does not mean it's easy to know..