|
|
|
|
|
|
by uberman
2210 days ago
|
|
|
Some believe that stock market investors are not rational. Some believe that all trades necessarily involve an adversary called "Greater Fool" and that both parties believe the other is this fool. I think the reality is that many investors sell when they think they hear bad news and buy when they think they hear good news. It does not matter anymore (if it ever did) what the net present value of all future profits is. |
|
|