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DAILY WALL STREET WISDOM · #041
💡
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.

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MORE CONTRARIAN WISDOM
Be fearful when others are greedy and greedy when others are...”Warren BuffettThe intelligent investor is a realist who sells to optimists...”Benjamin GrahamThe worse a situation becomes, the less it takes to turn it ...”George Soros