From Adam Robinson at Robinson Global Strategies: When you hear a voice in your head that says “It doesn’t make sense” that’s always a sign of something really powerful. So if somebody says to me “It doesn’t make any sense why gold keeps going lower” I know that it’s got a lot lower to go because what that person just said, in saying it doesn’t make sense, is this person has a dozen logical reasons why gold ought to be going higher; and it’s going lower. And he says, “That doesn’t make sense.” But the world always makes sense. What doesn’t make sense is his model. If a stock goes up and there’s no rational reason, it means that there’s some X-factor that you haven’t considered. It will make sense in retrospect. People stumble on these ideas and they dismiss them, but that’s where the gold mine is, in the things that don’t make sense. There are two places where people don’t look: the first is in the things that don’t make sense; the other is in the things that are really obvious. If ...
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