what was the reason for the big fall after the big rise, page-27

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    Unless you have a meaningful way of measuring your performance every time the market gets it wrong or to put it another way, you have established a positive edge, one would be gambling. One thing I have learnt in doing this for close to 25 years is that nobody knows. Granted there are insiders but we are not talking about insiders because insiders do things before Mr Market.

    The mistake I have made is quite visible to all - not having an exit strategy
 
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