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Not exactly, as money flows to those stocks, they become overpriced, and will under-deliver returns in the future. On the other hand, other stocks will be under
by ucaetano 10y ago
Not exactly, as money flows to those stocks, they become overpriced, and will under-deliver returns in the future. On the other hand, other stocks will be undervalued, giving better returns in the future.
So it is a self-correcting system, not a self-fulfilling prophecy.