If there is one thing I've learned in the last 18 years since founding TMC then it is that investors are not usually very rational. There are exceptions, but fo

If there is one thing I've learned in the last 18 years since founding TMC then it is that investors are not usually very rational. There are exceptions, but for the most part it is just gambling with other people's money, externalize the bad takes and pocket the difference on the wins. It is only rational in the sense that those that partake in it know that they are doing this and that as long as they're the house they don't mind you coming in to place a bet or two. See also: stock market.