"Obviously if you're wrong, you don't make money, but what most people don't realize is if you're right in consensus, you don't make money because the returns get arbitraged away." — Andy Rachleff
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Follow-up question: Would a big enough of a crowd using these same techniques result in subsequent groupthink?
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Doubt this would be happen, as the techniques in the essay are all methods to prod you to think independently. If everyone does that, it would be natural that many will disagree with each other
End of conversation
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The first rule of Fight Club is, you do not talk about Fight Club
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This is an amazing essay, I am so glad that you have shared it again here.
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