Are All Traders Useless Morons? - Bloomberg: "... Harmon bluntly discusses the importance of modesty in pursuing investing success: I find it more interesting when some manager makes a killing and convinces themselves that they are geniuses. No one in this game is a genius. 100% return sucks remember? When you dig into more of these people, the elite suckers, the ones that can do it again and again, they all have one thing in common. It is not that they are on television and have great hair. Have you noticed that they usually are a bit modest about their results? The one thing they have in common is that they all have a process and are continually trying to improve it. That sums it up perfectly for me: One, have a process, and two, constantly try to improve it."
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