3 ms·
The current market valuation IS what people expects Tesla to be worth when/if it makes a profit in the future -- at least according to the efficient market theo
by hangonhn 10y ago
The current market valuation IS what people expects Tesla to be worth when/if it makes a profit in the future -- at least according to the efficient market theorem. Right? So unless new information comes along, the current valuation already encompasses the market's expectations of success and failure.
- davidivadavid 10y agoAccording to the EMH, the current market valuation is what people expect it to be worth today, if it makes a profit in the future. But if you assume the EMH, discussing valuations is kind of pointless, isn't it?