Where to hide from hedge fund fallout

Viewpoint

The majority of investors are not stupid; their error is to believe those in the know in the finance...

The majority of investors are not stupid; their error is to believe those in the know in the finance industry have more information than they do, which is true. However, the error on the investor's part is their belief this additional information makes those in the industry more savvy, which is laughable. The problem lies in the failure on the part of the investor to remember two things. The first is that these industry savants are also human and, as a consequence, are as incapable of spotting a change in a trend as the investor themselves. The second is that these savants, when a system ...