Key Point #3: Learn how to listen to what the market is saying
The chapter concludes with a section that explains what “the market” is really all about. This is probably a section that most investors ought to consider thinking about because it nicely positions how all the different sources of information that investors typically access measure up to the market itself as a source of information. Ultimately the market is an amalgamation of all of the different opinions, biases and motives of its participants. As a result, as Tyler puts it, “the market” is “the one source of information that you can completely trust”. It is not a person, it does not owe its participants anything nor can its participants expect anything from it.
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