A person wrote an article about how sometimes people think differently from everyone else and they can make good choices. They talk about a metal called copper that is important and valuable, and some companies that deal with it. The writer also mentions a famous saying about selling stocks in May, but they don't agree with it. Read from source...
- The author seems to have a strong personal connection with Robert Friedland and his views on copper, which may cloud his judgment and make him more susceptible to confirmation bias. This could lead him to overlook or downplay any counterarguments or alternative perspectives on the copper market.
- For example, he mentions that he has known Bob since the 1990s and admires him for his "olfactory sensibility to money" and his ability to communicate. However, these qualities do not necessarily make him a reliable source of information or predictions about the future of copper prices.
- He also implies that anyone who doubts Bob's views is either ignorant or short-sighted, which is a common fallacy in argumentation known as "ad hominem" attack. This means that he is not addressing the substance of his opponents' arguments, but rather attacking their character or motives.
- He further cites his own performance in the market as evidence of his superior insight and foresight, which could be seen as an example of self-praise or "hindsight bias". This means that he is attributing his success to his own skills and abilities, rather than acknowledging the role of luck, chance, or other factors that may have influenced the outcome.
- He also seems to express a sense of frustration or resentment towards retail investors who are not as informed or interested in the junior resource sector as he is. This could reflect his own bias or preference for certain types of assets or strategies, which may not be shared by others. For example, he contrasts the lack of knowledge and enthusiasm for copper among retail investors with their more familiarity and excitement about technology and crypto. However, this does not necessarily mean that one is better or more profitable than the other, as different people may have different preferences, goals, and risk tolerances when it comes to investing.
- He also appears to have a somewhat negative view of the Fed's role in bailing out the banks and supporting the financial system during the crisis. This could be based on his belief that this action violated some principles of free markets or sound money, which he values highly. However, this does not necessarily mean that he has a clear or consistent understanding of what these terms mean or how they apply to the current situation. For example, he may be overlooking or downplaying the potential benefits or costs of such interventions for the overall economy and society.
- The author uses emotional language and expressions throughout his article, which could detract from the credibility and objectivity of his arguments. Some examples include:
- "Not bloody likely"
- "Moribund bearishness"