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by steve_gh
1215 days ago
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>> The total “amount” or “supply” of a financial asset is the total market value of it in existence: the number of shares outstanding times the market price. Isn't this assuming 'mark to market' - the assumption that the entire supply of an asset class could be sold at the selling price of some (usually very small) fraction of the supply that has most recently been traded. If my understanding is correct, this is the fallacy that has underpinned the inflated valuations of many crypto assets (SBF etc) |
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