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Right for the wrong reasons
Observation on the beauty of financial speculation, first drafted on Feb. 16, published on Feb. 24, 2010

Here is something to think about: The beauty of financial speculation is that your bottom line can be correct even
if the arguments that you have presented to support your core sentiment have proven to be erroneous. After all,
the only thing that counts in finance is the net result. So it really doesn’t matter why you are betting on this or that
result. All that matter is that you get the final outcome right.

In this financial reasoning differs quite a bit from philosophical speculation, since the latter can thrive only if the
arguments are conclusive that have been brought forward to support it.
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