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The incentives are based on the very metrics that the GP commenter alleged are NOT used to value stocks (P/E, revenue, growth). It’s one thing to argue that th
by bhupy 6y ago
The incentives are based on the very metrics that the GP commenter alleged are NOT used to value stocks (P/E, revenue, growth).
It’s one thing to argue that the stock market is purely driven by emotion and irrationality. It’s another thing entirely to argue that automation based on P/E, revenue, growth are tantamount to emotion and irrationality.