How to Position for a Regime Change Before the Crowd Understands the Old Rules are Broken
Let's get straight to it. The most profitable insights are found not in the answers everyone agrees on, but in the questions no one is asking. First-level thinking is a reactive, losing game. It sees a crashing price and concludes the story is over. Second-level thinking asks a more penetrating question: Why is the price crashing, what is already priced in, and what do the footprints of smart money tell us about what comes next?
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