Jim Grant on about imagining the future and thinking apart from the crowd

Just as markets are about the future, if you can't know the future you must contribute something to the difficult but necessary job of imagining it.  You can dogmatize about it.  You can conceive a view of it based upon the alignment of forces in the present, about the way people themselves are expecting the future to unfold.  If everyone thinks one thought, you have an edge, because you can investigate the alternative, because often as not the idea that's most popular is the least remunerative - not always, but often.

~ Jim Grant, interview with William Green, 29:20 mark, August 20, 2022