Solid tweet from start to finish (unironic)
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Thank you :)
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As an unwanted clarification of what securities prices mean: The buyer anticipates the future value to be higher. The seller anticipates the future value to be lower. The transaction requires both a buyer and a seller. There. Everything is much clearer now, amirite?
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No, no, it can’t be this simple. Assuming rational actors (lolol) with accurate and complete information, both would agree on the future direction of the security’s valuation, notwithstanding the opportunity cost arm of this Bionicle which is a lost page of the instructions.
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Alternatively, buyer and seller agree on expected future price but seller prefers current-period consumption and buyer consumption on the future, so trade still mutually beneficial ---> store of value
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Right, not every transaction is a short term trade on both sides.
End of conversation
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