The Importance of Objectivity and Diversification in Trading

In this chapter, they discuss the importance of remaining objective and finding the truth for oneself when trading. They also talk about diversification versus concentration in investments, emphasizing the need to allocate based on one's level of conviction for different assets. They mention that there are multiple players in the market currently, but in the future, only a few will capture the majority of the market share. Therefore, they suggest diversifying positions in assets within the same market share pool as a hedge for different possible outcomes.

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