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Interesting article, but I found a contradiction: "Smart Money" ... "but they don’t hype it, talk about it or fan the flames." "Promoters" ... " they are a sm
by wccrawford 15y ago
Interesting article, but I found a contradiction:
"Smart Money" ... "but they don’t hype it, talk about it or fan the flames."
"Promoters" ... " they are a small subset of the Smart Money" ... "They loudly tell the Marks and Shills that everything is just fine, enticing them to buy into the bubble,"
Promoters can't be a subset of Smart Money because Smart Money doesn't talk about it, but Promotors talk about it very loudly.
For a couple years now, I've been looking at the market and trying to figure out how to take advantage of the trends. Be 'Smart Money' in other words. I don't think I have the financial sense to make it happen, though.
- Shenglong 15y agoI think what he meant to say, is that the Smart Money typically does not talk about it or hype it up. However, there are exceptions - and promoters are those exceptions. Perhaps he's making a moral value call, saying how most good investors aren't actively trying to screw the public?
- wccrawford 15y agoThat could be. The words 'in general' would have fixed the contradiction. And I don't think he's making a moral judgement... There are plenty of reasons to keep quiet about good investments that are all over the moral scale.