The host of CNBC Jim Kramer advised investors to stop relying on popular forecasts if they want to succeed.
In his last podcast, Kramer explained that experienced investors express opinions regarding the state of the market, and they are often accepted on faith. However, to build their actions on their basis recklessly.
According to Kramer, to buy that everyone else expects is a useless strategy that does not provide profitable investments. Kramer emphasized that by the time when a specific story or expectation becomes well -known, the market, as a rule, already takes into account this information at current prices. Trying to extract from this profit too late.
Kramer insists that the purpose of the investor should be to understand the prospects of institutional participants, such as managing hedge funds and share investment funds. This approach allows investors to capture the early prices of prices before the news became public and ceased to produce an effect.
This investment philosophy is also fair for the cryptocurrency market, Kramer believes. Here, in such a seemingly simplicity, and the success of the trade in cryptocurrency lies, the TV presenter hinted. True, it seems that any actions are advisable to think in advance.
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Source: Cryptocurrency
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