The bottom line for me is that, although the more efficient markets often misvalue assets, it's not easy for any one person — working with the same information as everyone else and subject to
the same psychological influences — to consistently hold views that are different from the consensus and closer to being correct.
Answer: The
same way the child acquired the narcissistic personality traits, through the
psychological control and
influence exercised on him by his father in the cross-generational coalition with his father against his mother.