The Most Important Thing: Uncommon Sense For Th... -

Here is a solid story of how that uncommon sense works in the real world: The Secret of Second-Level Thinking

Marks famously used his philosophy to identify the dot-com bubble in early 2000. While the world was caught in a "euphoric" swing of the market pendulum, Marks remained patient and cautious. The most important thing: uncommon sense for th...

Most people think in a straight line: "This is a great company, I should buy the stock." Marks calls this . He argues that because everyone else sees the same "great company," the price is already high, leaving no room for profit. Here is a solid story of how that