[dominotw]

> we are seeing that retail investors aren't doing any research at all

> EBITDA is important and it's a hard concept to understand for those who aren't familiar with finance

Is there any proof that the later group has better outcomes ?

Even if you understand all the terms, aren't you ultimately just investing based on gut feeling since all the observable information has already been factored into the purchase price anyways.

[smabie]

Except, of course, not all observable information has been factored into the purchase price.

[dominotw]

> not all observable information has been factored into the purchase price.

Why wouldn't it already be priced into the current stock price?

[smabie]

Because someone needs to incorporate it into the price. People are dumb and inefficiencies in the markets abound.