4 ms·
Well, except for tradable financial assets...which are by their definition beauty contests for rich people’s saving/investment dollars.
by thedudeabides5 6y ago
Well, except for tradable financial assets...which are by their definition beauty contests for rich people’s saving/investment dollars.
- Retric 6y agoSuccess or failure of financial asset is independent of their current price, otherwise Bernie Madoff was providing a valuable financial product in 2007. It’s individual trades that depend on the price because they have finite endpoints. However, assets are owner independent and therefore based on their long term value proposition.