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According 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, di
by davidivadavid 10y ago
According 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?