3 ms·
Yes - but we're currently in a situation where irrationality absolutely dominates. (And it's not exactly short term)
by groby_b 5y ago
Yes - but we're currently in a situation where irrationality absolutely dominates. (And it's not exactly short term)
- s1artibartfast 5y agoYeah, I agree that irrational behavior sucks. But this brings us full circle to your OP, and the lack of a better alternative.
- brian_cloutier 5y agoYou seem to be claiming that the prices of many different assets are largely divorced from fundamentals. I'm willing to believe you, what you're saying is plausible, but I apparently haven't been looking at the same data you've been looking at. Do you have examples of some prices you think are bonkers, and reasons why they're bonkers?
- a1369209993 5y ago> that the prices of many different assets are []largely divorced from[] fundamentals. Actually, I think the claim is that prices are driving fundamentals rather than vice versa - ie rather than "$STUFF shortage causes rising price", you instead get "rising $STUFF price causes shortage".