I agree, I'm not a believer in the efficient market hypothesis anymore. I think the stock market is driven in large parts by narrative, which explains outliers

I agree, I'm not a believer in the efficient market hypothesis anymore. I think the stock market is driven in large parts by narrative, which explains outliers a lot better. I just found the tautological advice of my parent poster a bit weird: > Everything that goes down either eventually goes up again, or dies. Sounds smart, says nothing at all. Hence, "buying a beat-down company" is probably not advice that really works. And there are so many companies that never reached their ATHs again.