Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
About this quote
- What does it mean?
- Markets are unpredictable, so profit comes from ignoring obvious trends and betting on surprises.
- In plain terms
- To make money, bet on what people don't expect.
- What can you take from it?
- Look beyond consensus to find opportunities.
Where it applies
Putting it to work
Questions to consider
- What is the market ignoring now?
- How do you spot the unexpected?
Another view
Bet on the unexpected can also lead to large losses.
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