Its not only complicated, its bordering on the impossible. They are simply hand-waving the "analyze your past decisions" part. Its extremely difficult to be int

Its not only complicated, its bordering on the impossible. They are simply hand-waving the "analyze your past decisions" part. Its extremely difficult to be introspective like that. You don't know why someone said "yes" to your deal, and not to someone else. You can guess, but there are so many micro things that fall in your favor when you're successful. Context matters, environment matters, and while we can capture our thoughts, we can't always capture the environment in which those events occurred, etc, etc. This is Harvard business review type stuff, excepting each person to accurately weigh and analyze all that is unrealistic. You're going to find examples of people who "read the book" or "attended the lecture" or "sought advice from X" and struck gold, and these examples provide buoyancy for such ideas. >If financial institutions (and crypto players) are using these kind of approaches to make their bets, then isn't the individual investor hopelessly outgunned in the vast majority of cases? When its your job, you're better at it compared to someone for whom its a hobby. And also, larger firms are able to manipulate the market which tilts the balance in their favor.