Investing is fundamentally a game of 'metaanalysis'—not about what you think is true, but about what you think relative to consensus, because efficient markets price consensus beliefs, so you can only make money by holding beliefs that differ from consensus and are correct.

definitionpending

Speaker

Dan Rasmussen

Evidence Quote

investing is not a game of analysis. It's a game of metaanalysis. it's not what you think that matters, it's what you think relative to what everyone else thinks [4:08]

Source

The Bubble No One Can Sell | Dan Rasmussen on the Private Equity TrapExcess Returns
Created: 8/11/2026, 8:01:35 AM

My Notes

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