He also taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” -Bruce Kovner, Interview in Market Wizards by Jack Schwager Have you wondered what makes a market tradable? In short, you have to have two parties who agree on price but disagree on value. The seller thinks that the price is high relative to where price will be in the near or distant future whereas ... (full story)