Almost all market participants are wrong about stock prices…

Almost all market participants are wrong about stock prices almost all the time, because there is a hugely diverse range of opinion about stock prices. "Whenever diversity of beliefs is universal," he writes, "almost all agents are 'wrong' at almost all dates."

— from Takeoff Into Chaos · Humble Investor: How to Find a Winning Edge in a Surprising World by Daniel Rasmussen

Also belongs to

• Time
• The Instruments (Awareness/Perception/Expectations)
• Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)

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