4min chapter

This Week in Intelligent Investing cover image

Superforecasting and the Good Judgment Open | Biggest Lessons of the Year 2021

This Week in Intelligent Investing

CHAPTER

Are You Playing the Beauty Contest With Cryptocurrencies?

I think there's more irrationality out there than a rational person could even imagine. And so it's very dangerous if you try to get in front of that or bet against it, you could get really crushed in the short term. I also feel like many more investors than ever are playing the beauty contest. One other thing, personally, for me, i'm taking losses with no emotions and no pride. This used to be a problem for me in the past. It cost me a lot of money. A over the last year, i've really succeeded in taking losses without any emotion and just having the confidence that i can make money on average overtime.

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