From the start of my career in finance as discretionary trader 35 years ago, I have believed that the price of a market at any one time contains all aspects of the information available. Why I hear you ask?
Collective human behaviours
Many readers have often joked that Breaking the Code of History (BTCH) and my blogs are pessimistic, and thus that I must be a pessimist! However, I have always answered that I am an optimist by nature; which always elicits a good laugh! I then explain that BTCH was structured as a self-help book for mankind, and the first stage was to understand and highlight both our positive and destructive patterns. The second stage emphasised the impending big challenges that we face in the decades ahead and how we might surmount them.