I like financial markets because there’s a scoreboard.

That’s rare in life.

Personally I’m not here for the money, I’m here to be right. That’s the thing that drives me.

When you argue with others in politics, in business, etc… people always have an out.

They always have a way of claiming they were right when they were actually wrong.

You see people try and apply this in investing as well, they say things like “you got lucky”.

I didn’t get lucky, i’m simply better at this game than you are. Check the scoreboard.

If someone comes to you boasting confidently of a new model, prediction, or macro forecast ask them the following. If you’re so smart, why aren’t you rich?

If they say well I am rich, then fair enough. The scoreboard doesn’t lie.

If they start to equivocate, redefine terms or direct your attention away from the scoreboard rest assured… they are full of shit.

Real players in the game respect the scoreboard, they know at the end of the day when all that talk is put to rest it’s the only thing worth a damn.

“Men lie, women lie, numbers don’t” - Shawn Carter