3 ms·
The stock market is not random though. If you have a person who previously worked at the fda specializing in kidneys for example, having that person analyze wh
by pfisch 9y ago
The stock market is not random though. If you have a person who previously worked at the fda specializing in kidneys for example, having that person analyze which kidney drugs/devices they think will get approved is not luck.
People can have an informational advantage and use it to make intelligent trades.
- beiller 9y agoYou would be right if the stock prices actually 1:1 tracked business success. The reality is that they do not. The are an approximation of future growth, and that adds a great deal of uncertainty, sometimes enough to even make your anecdote moot.