Arun Kumar

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None of this means you should always automatically do what the majority isn’t doing. It means only that you should stubbornly resist majority pressure instead of just drifting along with it. Study each situation for yourself, process it through your own good brain. The chances are you will find the majority wrong, but that doesn’t happen always. If you determine that everybody else is right, then by all means march with the majority. The point is: whatever you do, whether you bet with the herd or against, think it through independently first.
The Zurich Axioms: The rules of risk and reward used by generations of Swiss bankers
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