DAILY WALL STREET WISDOM · #041
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“Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”
🇺🇸George Soros
Founder, Soros Fund Management
WHO SAID IT
🇺🇸 George Soros
Founder, Soros Fund Management
WHAT IT MEANS
By the time something is obvious to everyone, it's already priced in. The big profits come from identifying outcomes that the market hasn't yet recognized or has mispriced due to consensus thinking.
contrarian