…all you have to do is the following:
1) Identify the stupid people.2) Watch what the stupid people do.3) Do the opposite.
Of the three, part one takes the most time to work out but, when you’ve nailed that one down things get easier. Here’s a topical example:
And by the way, here are a couple of tips to get you started on part 1). Firstly, never tell the stupid people that they’re stupid. Secondly (and as a logical extension to the first tip), those who go around calling other market participants stupid are stupid (present company excepted, of course).
DYODD, dude. DYODD, dudette.