#13 The Contrarian
Behind the Balance Sheet
Is There a Difference Between Bullishness and Bearishness?
By the time you take these big wholesale decisions about asset allegation has a great probability of being wrong. But that lesson sort of playis very strong with me, and has done for for forty wol pe, 30, 33, 35 years. This distance can be an advantage. And if you got a consensus, then people are already therein in market terms. When the overwhelming majority is bearish, it's a soll signal. That's thesort of peculiarity and the attraction and the sort of fascination of markets.
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