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> financial institutions and investors are pretty good at estimating value. Except when they're really, really not. See: mortgage tranches in 2006.
by warfangle 10y ago
> financial institutions and investors are pretty good at estimating value.
Except when they're really, really not.
See: mortgage tranches in 2006.
- daveguy 10y agoGood point. That really should be "financial institutions and investors are pretty good at calculating value". The value before and after purchase would not be obfuscated in any way. It is no more an estimate than the commission fee or tax is an estimate.
- sseveran 10y agoThe market corrected itself which is really what markets give you.