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The market is always right. Everything makes sense if you have enough information. If something doesn't make sense that means you don't have enough information
by atian 6y ago
The market is always right.
Everything makes sense if you have enough information. If something doesn't make sense that means you don't have enough information.
- bconnorwhite 6y agoThe market is usually right, but the market doesn't have all the information either.
- CrazyStat 6y agoSo Enron's valuations before its collapse were "right"? dotcom bubble valuations ca. 2000 were "right"? Your claim seems obviously wrong except in the tautological sense that the "right" valuation is whatever the market says it is.
- atian 6y agoYes, it's rhetoric but also everyone forgets that the stock market is a game.