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"The market is wrong but not in any way that's possible to make concrete predictions about ahead of time" and "the market is correct relative to available infor
by JoshuaDavid 6y ago
"The market is wrong but not in any way that's possible to make concrete predictions about ahead of time" and "the market is correct relative to available information" seem like functionally identical statements to me.
Unless you mean something stronger than "today's price usually isn't the same as next year's price after taking into account the discount rate" by "the market is usually wrong".
- grey-area 6y agoJust because you can't predict it in the short term doesn't make it correct or efficient in the short term, it is only correct in some sense in the very long term.