I’ve been reading a book by Mark Mobius called “The Little Book of Emerging Markets.” First of all it’s great. But Mark’s also the reigning champion, the big cheese, the shot called in emerging markets.
At the very start of the book he has this off the cuff, throwaway line that I just love: market activity is essentially mass psychology. Trading is more about what you think than any of the underlying financials.
And he’s not alone in this view…
So like I said, there is a LOT of advantage to someone who can take a step back, and view the market through the lens of psychology instead of just numbers.
Want to learn something brand new I have for you all? It’s coming very soon.