Part 2/4:
One of Sosnoff's key insights is that many of the commonly held beliefs about investing are simply not true. For example, he dismisses the idea that buying the market at all-time highs is the best strategy, calling it "the most curve-fit ridiculous data" he's ever seen. Sosnoff's think tank has extensively researched this claim and found no statistical significance to support it.
Similarly, Sosnoff is skeptical of momentum investing strategies, arguing that the markets are truly random and efficient. He believes that even the Federal Reserve Chairman, Ben Bernanke, was unsure of how to navigate the markets, despite having access to insider information.
The Importance of Mindset and Risk Management
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