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by dasm
1959 days ago
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It seems you are implying that this sort of arrangement is fundamentally unhealthy for a market focused on accurate price discovery, and I think that's trivially true. Some investing incentives are aligned with accurate price discovery, some are not (warren buffet vs a pump and dump). |
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what i am implying above is that i view a management team that makes decisions based on share price as about as delusional as one that drinks its own urine for power ahead of important meetings.