Excellent, so it works. The probability will be higher than you want it to be given it's your interpretation 'everyone is dumb', surprised only two replied which is a good sign. So, in your own words, what is wrong with the "dictum".
Never a truer word spoken. So, the whole point of this was a social experiment in psychology which comes full circle back to the ops post. In any great "scheme" you need those without a moral compass to set the foundation, then the not so smart people to come in and with the most incredible inefficiency generate returns that they would not otherwise be able to do without huge swathes of capital flooding the system. We have the central banks who have requisitioned 100s of years of wealth from the next generations, and for the inefficient hedge fund managers to come in and generate the most pathetic 1% returns for themselves. When the QE dries up those same fund managers, not being the smartest cookies, would go back from whence they came, however the elites not having that moral compass double down each time to keep the party going for 1%. The managers who are now bailing are just smart enough to know what happens next and are getting out of the way, those without a moral compass will never want to be locked in to providing "their own view" and those who are not smart enough, well they just don't have a view, confusion breeds contempt, and that leads to mistakes which can be taken advantage of. As for the masses, they're locked between the two with so many inconsistencies from each side they have no idea up from down and left from right. Unless of course you are one of the few who know how to "invert" the process. If you follow this thread you will see the pattern, it's the foundation of evolution and quite funny to experiment with, on which the the financial markets are built. I was hoping to get a few more on the other side to make it interesting, damn shame.