Prejudice

Andrea Ravano writes:

Einstein said 'it is easier to break the atom than prejudice' and the same goes for the markets. Prejudice is your worst enemy. The lack of clarity when analyzing data, or your inability to understand the nature of the ever changing cycles, will lead you directly on to the wrong side of the trade.

Andrea Ravano was writing about the cyclical patterns in the stock markets. In my view, it's true in the gem and jewelry markets. There are many desires that make up the complexities of human nature regardless of our culture. People who are looking for shortcuts to make money without hardwork may be in for the mother-of-all surprises.