We don't talk about it much... Execution. In the show the Big Short, as referenced above, Michael Burry says, "I may have been early but I'm not wrong." The response to that, by another character is... "It's the same thing." You see, being early IS wrong, in the world of trading and investing. If Michael Burry could not pay for his swaps, his swap positions could have been closed out before he made his money. And he was really close to being closed out. I knew some people, who knew some people, who knew a group of people who got some info about an investment. Everyone got the same info. Everyone executed it differently. Some folks made a lot of money. Some folks lost a lot of money. Some were too early, some believed the info but changed their minds halfway, some couldn't stomach the volatility, etc. Or on a more personal note,...