Inside the House of Money Quotes

“Psychologists have done tests about how humans approach problem solving and found that we are somehow preprogrammed to look for confirmation and not for disconfirmation.”
― Steven Drobny, Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets

“A really important lesson in investing is that being either too far in front or too far behind is when you get hurt, whereas being right at the edge of the wave is where the money is made. And our job is not to be right, but to make money.”
― Steven Drobny, Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets

“The competitiveness of the world economy is such that mean reversion reigns, so you should buy the guys who are underperforming. Some of them will go bankrupt but many of them will come back up to the mean. Many of the growth stocks will also pull back to the mean as those who are great will become mediocre and those who are mediocre will become better.”
― Steven Drobny, Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets