Marks contends that the belief that there's no risk is itself the riskiest thing because it drives risky behavior.
“I believe that the riskiest thing in the world is the belief that there's no risk.”
Marks argues security prices depend on people's reactions to events, not the events themselves.
“it's not just whether the event was positive, it's how people reacted to the event that determines the impact on the security prices.”
Marks shares trader's wisdom that when it's time to buy, psychological conditions make you not want to.
“I came across a great quote within the last year from a guy who's a retired trader, When the time comes to buy, you won't want to.”
Marks defines cognitive dissonance as the brain's ability to reject information at odds with predisposition.
“And it is basically the human brain's ability to reject information which is at odds with its predisposition.”