Sizing Up Information Asymmetry
If you can predict American stock market prices a year from now, and you're smart enough, congratulations because you will certainly be on Fortune magazine's 2013 list of the richest people in the world. If you know who's going to be in political power in China in five years, and you are passionate about politics, then you will certainly be the next shining star in the world of politics.
I've had dreams like this before and maybe you have, too. What we want is an asymmetric advantage over other people because we have information they don't.
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