3 ms·
Well you're the one who used the word poker, so I guess it depends on your definition here...but the financial system somewhat revolves around poker. Valuation
by dylangs1030 13y ago
Well you're the one who used the word poker, so I guess it depends on your definition here...but the financial system somewhat revolves around poker.
Valuations of companies are only important to investors because of the inherent gambling. If you purchase capital at a single valuation that never rises or falls, what's the point? Even an index fund pursues gradual increases over time.
...Or am I building a strawman here? Is this not where you were going?