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Re: The mythology of perfect market pricing

By: orda in ALEA | Recommend this post (0)
Thu, 10 May 12 4:10 AM | 65 view(s)
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Msg. 07764 of 54959
(This msg. is a reply to 07763 by Cactus Flower)

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And some work with the house.




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The above is a reply to the following message:
The mythology of perfect market pricing
By: Cactus Flower
in ALEA
Thu, 10 May 12 3:45 AM
Msg. 07763 of 54959

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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