Numerous authors have stated that the market is always right. However, they also emphasize that the crowd are usually wrong. Is it irionic here, since the market is mainly the action of the crowd?
My concern is whether you need to consider the market is right all the time. In my opinion if we truely believe that the market is correct all the time, we will lose ourselves and become one of the losers in the market.
What does it means when a lot of authors say the market is always right? This concept is defined very well. I think they mean the stock price usually equals the market price at the time.
Timing and crowd pschology are keys to understand the market
who is right
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