.
What does this mean?
If you think you’d found free money in the market, well, there’s
probably something that you’re missing.
There’s probably something that you don’t know – try to figure out what
that might be.
There’s another meaning of this rule, which came to mind
recently in my post about Natural Gas Futures.
I observed a well known quirk in the natgas futures curve, deduced an
investment thesis from it, and asked my readers for input. It becomes clear pretty quickly, in reading
the comments from some readers who clearly know a lot more about the subject
than I do, that there’s no easy answer.
There’s no magic get-rich-quick bullet, and if I want to develop a trade
idea to take advantage of any natgas thesis I might have, I’ll have to do a
crapload of work to understand the lay of the land in that industry. I learned very quickly what I didn’t
know: I don’t know VERY MUCH about nat
gas…..
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