> markets are not faith-based. They are evidence-based. That is only true on the surface. The “evidence” that guides the majority of trades is made up of signa

> markets are not faith-based. They are evidence-based. That is only true on the surface. The “evidence” that guides the majority of trades is made up of signals created by all kinds of irrational behaviour. Something that is appraised by its future value, by definition won’t ever be purely evidence based.