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The Zurich Axioms: The rules of risk and reward used by generations of Swiss bankers by Max Gunther

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The Tenth Major Axiom: On Consensus

Disregard the majority opinion. It is probably wrong.

René Descartes was the world’s champion doubter. He stubornly refused to believe anything until he had verified it for himself. This was one of the traits that made him a successful gambler-speculator. He died more than 300 years ago, but any modern speculator can profit greatly – as well as spend a lot of enjoyable evenings – by reading the works of this engagingly ugly man with the staring black eyes, the nose like a crescent moon, and the giant intellect.

Descartes began his philosophy by doubting literally everything, including the existence of God, man, and himself. This enraged the religious authorities of his native France, so he fled to the ...

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