The most common bad finance take I see on this site is people going “lollll EfIiCiEnT mArKeTs
” whenever they see the price of something move a lot.
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*ICMBs fire from Russia* *stocks go to zero in the intervening 23 minutes* “Lol efficient markets”
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They still aren't efficient. Give me a break.
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What about prices that have risen to purely speculative levels far above any reasonable fundamental valuation?
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