“Despite all my rage, I’m still just a rat in a cage…”

John Cochrane: “Rats in cages do a pretty good job of utility maximizing. Yet, when you ask them why they’re doing things they just chew up the survey forms. Are we really so much more self-aware?”

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.