Fact and truth
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Serial "The Heart of the Market, the Essence of Trading" Part 37
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“I did tell a lie, but your love is my truth……”
Unfortunately, in reality that is unlikely to be effective.
The person who appears in my third interview book, "Oku Tori III" (Hundred Millionaire Trader III), is Tsuyoshi Takayama, a currency dealer and derivative trader with a rich career, and his knowledge is wide-ranging. He speaks about the essence of trading from the perspectives of financial engineering and Zen.
Buddhism aims to "not go against nature" and to "live in accordance with facts," which is said to be connected to financial engineering that avoids the influence of a trader's emotions and values.
This is the fundamental idea mentioned in the previous issue: the probability of going up or down is fifty-fifty. It is a fact that exists in the market.
However, with such reasoning, you cannot take a position.
There is a need for the action, “I’m going to buy because it’s going up!”
The stock price of a certain security is 500 yen… this is a “fact.”
But each trader’s “truth” is different for each person.
“It’s undervalued,”
“No, it’s overvalued,”
“In the first place, I don’t understand……”
Detective Conan says, “The truth is always one,” but an investor’s truth is only theirs.
For now, you must not go and ask some professor, “Is it okay to buy stocks?”
