A contrarian investment approach: identify overvalued market trends and bet the opposite direction. When you're right, the payoff is massive because of option theory. Question what everyone believes and make the bold opposite bet.
Chapters
Call bullshit in tech. There's this idea, colloquialism in finance, that when you are going to make a contrarian bet or investment, they call that calling bullshit. The idea is that if you are looking at the rest of the market and you think, no, these people are just wrong and the trend is wrong and the market is overpriced or underpriced or whatever you think is going on, you go and you make the bold bet in the other direction. Now, sometimes you're wrong and it helps to make sure you're not putting all your chips on that, but man, they pay off really big when you are correct in those directions. That's our base of option theory. I would recommend that when you are looking around, ask, hey, where are the trends now and how do you profit from that? But also, where do you think the trends are wrong? How can you go completely the other way and create profit and be where nobody else is? I think calling bullshit is the most profitable business strategy of all.