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"Perfectly valued" to me means that at that moment, the price reflects the actions of everyone. It includes the actions of all buyers/sellers who choose to par
by jhulla 10y ago
"Perfectly valued" to me means that at that moment, the price reflects the actions of everyone. It includes the actions of all buyers/sellers who choose to participate and not participate, the regulators, as well as the meddlers.
My point is a pedantic one referring to the OP using the word "overvalued". The market price is never over/under valued. It is merely the market price at that moment.
- true_religion 10y agoYour definition of price and value, while correct to a certain standard, give no illustrative power nor does it lend itself to analysis or discussion. As you said, it is merely tautological.
- denim_chicken 10y agoYour point sucks.