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Unnatural would be prices not supported by future cash flows, or prices that are not typical of historic norms based on concrete measurements such as profit, re
by georgeecollins 9y ago
Unnatural would be prices not supported by future cash flows, or prices that are not typical of historic norms based on concrete measurements such as profit, revenue, or growth. I take your point that pricing is arbitrary, particularly moment to moment. But economics theory dictates that all the arbitraryness resloves or cancels out into an efficient finding of price.