Are You With the Dumb Money or the Smart Money?

• • Jun 14, 2012 1:32am
  • #1
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  • Price

    772 posts

  • In poker.... "If you don't know who the patsy is, then YOU'RE the patsy".
    
    OK. But in trading and in this A vs B horse betting.... we have a 50/50 chance of being smart or dumb. That seems to be missing the real point. I'm not buying it....
    
    The Smart money drives the market.
    
    The dumb money are the retailers who do not have the inside information.
    
    Maybe I just don't understand a word this writer just said. But, at least I KNOW I'm dumb money.*( Did I say that wrong... "At least I know I'm not the Smart Money") In poker.... "If you don't know who the patsy is, then YOU'RE the patsy". OK. But in trading and in this A vs B horse betting.... we have a 50/50 chance of being smart or dumb. That seems to be missing the real point. I'm not buying it.... The Smart money drives the market. The dumb money are the retailers who do not have the inside information. Maybe I just don't understand a word this writer just said. But, at least I KNOW I'm dumb money.*( Did I say that wrong... "At least I know I'm not the Smart Money")
• • Jun 14, 2012 1:57am
  • #2
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  • Halifax

    636 posts

  • Don't worry, this article is pretty dumb. It's a credit to you that you don't understand his ramblings. Don't worry, this article is pretty dumb. It's a credit to you that you don't understand his ramblings.
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