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We should distinguish between: - price (absolute level) - price movements (relative change) Your claim is that an equity's price isn't usually a reflection o
by rahimnathwani 2y ago
We should distinguish between:
- price (absolute level)
- price movements (relative change)
Your claim is that an equity's price isn't usually a reflection of fundamental value.
On how many days this year (or this decade) was Google's market cap lower than that of Cheesecake Factory? Why?
- czbond 2y agoI was referring to an equities price generally being in a wide band channel of price over a year. I was not suggesting an equity goes wildly below it's intrinsic value often (although it is not uncommon still)