Saturday, November 19, 2011
It's been a while since I came to the conclusion that this crazy game is a negative sum game rather than a zero sum game. So, probabilities are aligned against you right from the beginning. Another common conception out there is that the smart money always wins. Also known as: They manipulate the markets in their favor and get the money of millions of small retail traders. Let me disagree with this statement with some common sense first and then with some numbers.