The market - Reality - Truth - What went wrong?

https://www.straitstimes.com/business/hedge-fund-stars-who-got-china-wrong-are-paying-a-big-price

https://www.businesstimes.com.sg/companies-markets/banking-finance/singapore-hedge-fund-asia-genesis-shuts-after-big-mistake-china

Our decision where and how to place money in the markets are actually the product of Experience, Education (formal/informal).

The market buzzword is "Fundamental". The truth is PRICE TREND direction which we don't learn in class or any academic Finance class.

When one is making profits quite consistently in the past base on one's belief the future will be developing in a certain manner and price should react accordingly, one will continue to operate on this so called FUNDAMENTAL approach. One will be caught off guard when the price did not behave as we expected. 

One fails to see that the success if due to the strategy is align with the trend direction. If one is not align to the price trend direction, losses will be the result irrespective Nobel prize strategy.   

Scenario (1) - The business operation CAN develop as we anticipated, it is NOT necessarily that price will react according to the fundamental developments. 

Scenario (2) - The business did not develop as we anticipated but price reacted as we expected. 

I learnt from my past mistakes and I adapt to changes accordingly. I understand the weakness of formal education and how to improvise accordingly to suit market conditions.

It is NOT easy to breakaway from the classical economic finance stereotype, but there is nothing to loose and more to gain to explore the "other side".

Experience don't make me smarter. Mistakes made me wiser.

We can belief all the hypotheses we created will come true. In the end the verdict is how price develops.

We will never be taught what market is all about in school (graduate or undergraduate). We will also never be taught what is price trend and what are the different strategies at different stages of the price trend. The beginning, mid-way and the end of the price trend. How do we detect and confirm the different stages.

We will continue to make the same mistakes ... as long we don't sit and ponder what is missing in the formulation.