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> overpriced by any reasonable standard Except of course the standard that has historically proven to be the best one, ie the market. I have some stock to but
by nickik 7y ago
> overpriced by any reasonable standard
Except of course the standard that has historically proven to be the best one, ie the market.
I have some stock to but I'm not an idiot and check every day and freak out how much up and down and freak out about it, its a deliberate long decision. Elon has made comments like this before, quite often in fact.
- Udik 7y ago> the standard that has historically proven to be the best one, i e. the market. Well, the market isn't the best standard, it's the only one. The market is the price. That doesn't mean it's reasonable (otherwise bubbles wouldn't exist).
- nickik 7y agoWell, you an also look at expert predictions and many other things. Generally the market performs better then those. So on avg, if you disagree with the market you are likely wrong.
- Udik 7y agoIn what sense the market performs better than expert predictions? Isn't it like saying that the weather performs better than the forecasts?