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The mythology of perfect market pricing

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 10 May 12 3:45 AM | 52 view(s)
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Msg. 07763 of 54959
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Forward-looking? Pah! The future is intrinsically unpredictable. Even current value is at best a fuzzy notion.

If you invest in Wave you bank on demand that may suddenly emerge, or may not. What is the correct probability of either outcome? It is unknowable. Investors merely place bets.


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