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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Right, not every transaction is a short term trade on both sides.
Seller sees another investment with a higher expected ROR which the buyer does not see, but again not possible under the omniscient rational actor scenario. Disinvestment was not considered in my scenario. Also, and quite importantly, Homo economicus is not even a real human.
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