The first skill in the book Before Happiness by Shawn Achor is the skill of choosing the most valuable reality. This skill is broken down into three specific strategies.

• The first strategy is to understand that there are many alternative realities you can have.
• The second is to keep shifting your vantage point so that you generate alternative realities.
• The final strategy is to pick the most valuable strategy.

This is useful in finance. Many academics adopt the reality that markets are efficient and there is indeed a lot of academic literature that reinforce the efficient markets hypothesis. This effective rules out Technical Analysis as a means of earning extraordinary profits from financial markets. But somewhere along the way hedge fund managers like Victor Niederhoffer and Kenneth Griffin found objective evidence that the contrary is true and they took steps to build a fund to exploit these inefficiencies ......