The Weekly Insight
The Weekly Insight
Being Right Isn't Enough
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John Maynard Keynes may be the most influential economist who ever lived.
He was right about Versailles. Right about the Depression. He redesigned the global financial system at Bretton Woods.
He also lost his entire fortune in the market.
His lesson: it doesn't matter how right you are. If the market stays irrational longer than you can stay solvent, you lose.
LTCM had two Nobel laureates. Lost 90% of investor capital in four months — being right.
Julian Robertson closed his fund on the exact day the Nasdaq peaked — being right.
George Soros — greatest macro trader of the 20th century — bought at the top — after being right for too long.
Read more here: https://insightwealthgroup.com/the-weekly-insight-being-right-isnt-enough/
