An excerpt to consider when thinking about fundamental views:
Bullshit baffles brains. It’s that simple. This is one of the foundations of all workplace theories and it applies equally well to life [and trading]. How is this so? It’s very similar to the ‘offense is the best defense’ method. When you talk bullshit, it’s like you’ve thrown a baseball at someone–it is up to them to consider what you’ve said, i.e. to catch the ball. It is up to them to understand or respond what you’ve said. If your words are made up of some big meaningless words which take your audience time to understand, then you’ve achieved your goal. Most people, who do not want to appear foolish, will happily nod and agree with you just to be seen that they’ve understood to avoid embarrassment. A bit of practice of talking crap and train yourself to reinforce people’s agreement by your own body language (like holding eye contact and gently nodding) will grant you a even more positive response. Of course, the voice level and everything will all come into play. Basically–sound convincing. Like so many other researches have found, actual words are a small part of communication. The body language, appearance, way of talking, etc all form a part of the overall communication process. The paced, non repetitive, confusing but yet convincing words are simply window dressing. In summary? practice your speech pattern to sound convincing then talk random crap which sound convincing while holding eye contact and nod knowingly.
Consider the 2008 claim made by analysts at the investment bank Goldman Sachs that oil prices could surge beyond $200 per barrel in as little as six months. In fact, in as little as six months, the price of petroleum had fallen to $34 per barrel. Whether sunny or bleak, convictions about the future satisfy the hunger for certainty we want to believe. And so we do.
How many use these techniques everyday–and are actually respected? Quite a few.