英语翻译The prevailing wisdom is that markets are always right.I

英语翻译The prevailing wisdom is that markets are always right.I take the opposite position.I assume that markets are always wrong.Even if my assumption is occasionally wrong,I use it as a working hypothesis.Most of the time we are punished if we go against the trend.Only at an inflection point are we rewarded.How do you find our when things are going wrong?I feel the pain.I rely a great deal on animal instincts.When I was actively running the fund,I suffered from backache,I used the onset of acute pain as a signal that there was something wrong in my portfolio.The backache didn’t tell me what was wrong- you know,lower back for short positions,left shoulder for currencies0 but it did prompt me to look for something amiss when I might not have done so otherwise.That is not the most scientific way to run a portfolio.What exactly is your investment philosophy?求达人人工翻译..T T