An Investing Guide for Conspiracy Theorists
It’s really short: Don’t do it!
Bloomberg, April 13, 2018
I spill a lot of words on the various ways people let their own wetware get in the way of their capital. For most people, their behavior is much more important than the stocks they pick or the managers they hire. The watchwords I repeat over and over are: eliminate noise; manage your emotions; watch your costs; understand what you own and why you own it.
Lately, I have been seeing the uniquely foolish opposite of this behavior: the belief that investors are being cheated by a cabal of market professionals who share a nefarious intent. We’ve seen this before. It used to be the market-makers who were at the heart of this conspiracy; then it was the high-frequency traders; now it’s the crypto-traders.
Continues at: An Investing Guide for Conspiracy Theorists