At the end of the day its a model and all models are fallible because they cannot perfectly capture reality. Fundamentals is a narrative that assumes a lot of

At the end of the day its a model and all models are fallible because they cannot perfectly capture reality. Fundamentals is a narrative that assumes a lot of things like the stability and idealization of a businesses operating environment. These are just baked into the narrative in such a way that they seem “objective” and a part of the “economic reality”. Yuval Harari’s Sapiens and Taleb’s Black Swan make really compelling narratives that everything is a narrative.