3 ms·
What would be instead?
by koshnaranek 4y ago
What would be instead?
- mlyle 4y agoWho knows what's best to buy right now in this environment. I'm just making the point that, if stock A trades for $10, and one is concerned because they believe the "true" net present value of its share of the business of $5... that the situation isn't improved by buying asset B that trades for $10 but has a zero underlying net present value. (Asset B may very well do better, because underlying values are not the only reason we buy assets...)