Investing, It's Not a Competitive Activity

Great investing has to come from highly superior thinking. People overly respected the power of mortgages and were too accepting of financial innovations. Investing, it's not a activity where your outcome is wrong, right? This is a competitive activity. If you engage in unconventional behavior and your decisions turn out to be superior, you'll have above average results. And if you run into bad times, you'll get average bad results.