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Smart Money: If you don't know who the patsy is, you're the patsy

Many Happy Returns

CHAPTER

Are We the Patsy's From It?

I've been in that situation I think many times at the poker table. But in markets, are we the Patsy's from it? You've kind of been on both sides of the divide haven't you? So you worked for an investment bank for years, presumably they were smart there. Well interestingly, the focus became getting this kind of information which people don't usually have access to. It would be things like monitoring cameras which are outside storesWhich look at how many people are actually going into a store. Monitoring satellite data to see if the GDP numbers are actually matching up to what the published numbers are. Any of these kind of non-standard information sources was entering the market just as

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