3 ms·
Anything obvious is priced in.
by RivieraKid 2y ago
Anything obvious is priced in.
- reducesuffering 2y agoWhat if I were to tell you Nvidia's monopoly and the implications of AI were obvious many years ago? Many people on HN bought large amounts of Nvidia stock a while ago. Karpathy's "Software 2.0" was widely read here predating much of Nvidia's market cap increase: https://news.ycombinator.com/item?id=15678587 https://news.ycombinator.com/item?id=15678587 https://news.ycombinator.com/item?id=34881881 https://news.ycombinator.com/item?id=34881881 It was "obvious" C3.AI was not a real AI company worth much. The market still "priced in" at $18 billion for months: https://finance.yahoo.com/quote/AI/ https://finance.yahoo.com/quote/AI/
- RivieraKid 2y agoIf "obviously undervalued stocks" were a widespread phenomenon, active investors that beat the market in the long-term wouldn't be a rarity.