One of the "original sins" of trading is assuming that, because a non-tradeable thing is mean-reverting, a tradeable derivative of it will be too. You always trade against other people. If it's obvious to you, it's obvious to others. The market prices in everything obvious.https://twitter.com/KrisAbdelmessih/status/1367140633635409922 …
-
-
Replying to @therobotjames
are you saying that price will not always converge to fundamentals?
1 reply 0 retweets 2 likes
Replying to @macrocephalopod @therobotjames
this does explain why I lost money for 72 months straight from 2015-2020
2:31 PM - 3 Mar 2021
0 replies
0 retweets
3 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.