Against the herd: trader Mark Spitznagel on contrarian investing
&quot;There are “frighteningly many ways that the investment industry regularly smokes people with complicated and unfalsifiable (and thus pseudoscientific) theories and cherry-picked market data”<p>I&#x27;ve been following yahoo.finance and it&#x27;s full of articles about &quot;technical analysis&quot; meaning patterns people claim to see in stock movements and what they mean and predict about the future. Isn&#x27;t that just like astrology?  I wonder how it&#x27;s possible that they are allowed to publish such junk?