CHAPTER 1
ON BUYING
Trading requires confidence; but, paradoxically, it also demands humility. Since the markets are huge, there is no way you can master everything. Your knowledge can never be complete.
This is why we need to select an area of research and trading and specialize in it. Let’s compare financial markets to medicine. Today’s physician cannot be an expert in surgery, psychiatry, and pediatrics. Such universal expertise may have been possible centuries ago, but modern physicians must specialize.
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