Topping Nicholas Colas’s list of ideas to keep in mind while trading: the all important notion that “no one is bigger than the market.”
That line from Colas, the co-founder of DataTrek Research, of course is reminiscent of the line attributed to John Maynard Keynes that the market can stay irrational longer than an investor can stay solvent.
“This is especially true with cryptocurrencies,” Colas said. “They are — and will continue to be — extremely leaky in terms of information flow. You will never, ever be the first to know anything.”
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