The ‘Dumb Money’ dichotomy:
Be really careful with this construct specifically when it comes to trading. Public market trading is different from competitive fields in that we *need* less sophisticated participants in order to make $$. Secrecy is mostly penalized in our world.

I’ve gotten a glimpse into the sharp sports betting scene through @Gingfacekillah and the main difference that I see is that sharps actually do *fleece* the squares (dumb $). Protecting your IP & your own synthesis of the game is integral to sustained profitability.

This is not how trading works. And honestly, the slick CEO’s like Elon Musk figured this out—in public markets you want as many ppl as possible buying into your story. Get the word out by any means. The more of all kinds of money herding in, the better.

When you try to outsmart the “stupids” in trading, you more often than not lose your a$$. Of course, there are exceptions to this rule, but generally speaking the traders/investors who intuit this principle do very well over the long run.