Mark Ritchie on the Theology Behind His Trading
Real Vision: Finance & Investing
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The Market's the Ultimate Truth Teller
Mark O'Mara: I used to say I made half of my money contrary in going against the crowd. But later I adjusted that to half to three quarters and then 90%. And now I'm somewhere between 99% and 100%. So I'll just figure out what the crowd is doing and do the opposite. People who say that price is determined by the crowd, but they don't trade. Why would they ever make a trade? They would never make a trade. It can get real boring, waiting for the market to do what you think it ought to do.
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