This is an excellent article. Reminds me a bit of expectations investing (where you get the price and then decide if your outlook is reasonable GIVEN the price). The reality is that you don't have to be right every time, just that your anticipated outcome is "better" than the consensus. That and you have to place enough bets to hit some of the mispriced outcomes on a consistent basis. Thank you!
"I never saw the opposing pitcher as my adversary, but rather as my partner in hitting home runs." -Sadaharu Oh
This is an excellent article. Reminds me a bit of expectations investing (where you get the price and then decide if your outlook is reasonable GIVEN the price). The reality is that you don't have to be right every time, just that your anticipated outcome is "better" than the consensus. That and you have to place enough bets to hit some of the mispriced outcomes on a consistent basis. Thank you!