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Literally all of finance boils down to trying to correctly price assets and financial instruments in regards to future performance. Anyone who can consistently
by time_to_smile 4y ago
Literally all of finance boils down to trying to correctly price assets and financial instruments in regards to future performance. Anyone who can consistently and correctly price any asset at any point in the future will be incredibly wealthy.
The best we can do mathematically is to say that at small time scales, right now, things are priced what the market believes they should be price and that's as "correct" as possible.
Everything else is speculation.