What’s Right? The Market Is #AnirudhSethi

What is right and what is wrong? - Happy RealizationThe price of an asset is determined by the consensus view of all traders. It doesn’t matter what they actually believe or how much information they have. The price is right if it reflects the consensus opinion, even if most traders are irrational and uninformed. No trader can be more right than the market itself, because no one has sufficient financial clout to move prices around on their own for a long time. A careful observer can predict where prices will go next based on current trends and news events, but you should not cling to your predictions when prices move in another direction.