Thinking Markets Are Simple Might Be Costing You Money 2

Quote As much as you believe in the keep it simple stupid it is the simplification that is dangerous Nassim Taleb

Another, more pernicious example of reductive thinking is how people love to attribute single factors to explain price movements.

You’ve definitely heard it before, stuff like: “XYZ stock went up because it reported higher revenue”, or “Treasury yields are lower because of safe haven buying”.

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