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Re: 2, it's just that nobody involved has any incentive to act like good times won't continue indefinitely. That's the natural consequence of pricing companies
by version_five 3y ago
Re: 2, it's just that nobody involved has any incentive to act like good times won't continue indefinitely. That's the natural consequence of pricing companies as the present value of their future earnings.
- thx-2718 3y agoThat's why you pick stocks on what you think is run well/built to make money within the time frame you want your money there. Because then there's presumably a better chance that they will deliver on those earnings.
- deleted 3y ago[deleted]