2 ms·
No, what's relevant is not just the current price but expected future price and the "convenience yield" -- the value of having the product now rather than later
by Bostonian 5y ago
No, what's relevant is not just the current price but expected future price and the "convenience yield" -- the value of having the product now rather than later.
- leephillips 5y agoThat’s a good point. But taking that into account would require you to be able to predict the future price, with some level of certainty. What I’m thinking, and I may be wrong, is that past prices, or whether an item is truly “on sale”, don’t really help you to do that. If they could, then technical analysis in stock trading would be something other than superstition, which it is not.
- wmf 5y agoStock prices and consumer goods prices follow completely different principles.