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There is no correct price. There is just consensus. The notion of price discovery is just about getting investors to share their beliefs by making offers, getti
by plonh 11y ago
There is no correct price. There is just consensus. The notion of price discovery is just about getting investors to share their beliefs by making offers, getting to an inherently real answer.
On average, the market grows in value because companies eventually pay dividends from profitable endeavors.
- jimhefferon 11y ago> There is no correct price. There is just consensus. And yet Warren Buffet is fantastically wealthy. The average investment advisor, this article states, is not.