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The market is full of people trying to anticipate how other people are going to react and exploit that by getting there first. There's a layer aimed at forecast
by Loudergood 9mo ago
The market is full of people trying to anticipate how other people are going to react and exploit that by getting there first.
There's a layer aimed at forecasting what that layer is going to do as well.
It's guesswork all the way down.
- recursive 9mo agoPersonally, I try to predict how others are going to predict that yet others will react.
- MrOrelliOReilly 9mo agoAnd I just predict how you’ll predict
- Nevermark 9mo agoSo we have a closed instability/volatility amplification loop. Great: Time for the straddle with finger-cross trade.
- svnt 9mo ago[flagged]
- nealabq 9mo agoThird-derivative pun. Riposte: I knew you'd say that! Snap!
- gpderetta 9mo agoKeynesian beauty contest.
- Terr_ 9mo agoA bunch of "Greater Fool" motivation too. https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory