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I would call market prices more “consensus” than “objective”, since they’re based on the aggregate subjective valuations of those involved in the market.
by philwelch 7y ago
I would call market prices more “consensus” than “objective”, since they’re based on the aggregate subjective valuations of those involved in the market.
- garmaine 7y agoYou can objectively point to them. The prices are visible for all to see.