daniel3582

Where the Big Money Is Betting Big

"And it’s recognizing those times when the big money is the smart money and when the big money is not the smart money is the key to being a successful investor."

No offense to the author, but how dumb is this statement? If you can do this, you are the smartest money. You will be very good at math. You will be a certifiable genius. You will start and manage your own hedge fund. You will buy OTM puts on the S&P 500 in September of 2008. You will have written a book called "The Black Swan." Your name will Nassim Nicholas Taleb.