AGF Fund Insight: Staying Ahead of Consensus
By: AGF Investments • January 31, 2023
Product Insight
It’s almost time for the Super Bowl! The NFL playoffs are one of our favourite times of the year – and with that we have been reflecting how in football as with other professional sports, the element of surprise can often lead to victory. Bold coaching decisions etched in the history of sports have often involved thinking differently and daring to be great. Thirteen years ago, in Super Bowl XLIV, the New Orleans Saints were trailing the Indianapolis Colts 10-6 at halftime, when New Orleans head coach Sean Payton called a surprise onside kick to kickoff the 2nd half. The Saints recovered the ball, went on to win the Super Bowl, and the onside kick call became remembered as one of the gutsiest coaching decisions in history.
Indeed, identifying what others are thinking and then responding accordingly is what separates good poker players from novice ones, and good investors from average ones. Good poker players consider not only what cards they have and what the opponent is likely to have, but also what their opponent thinks they have and what they might think you think they have.
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Publication date: January 31, 2023