Pretty dumb from equities-valued-as-discounted-dividends angle Sensible from equities-as-store-of-value theory Probably? Idk I don't know shit about financehttps://twitter.com/pearkes/status/959541492305022976 …
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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?
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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