Security prices reflect a of "tug-of-war" between reality and perception. We can use rules-of-thumb to determine if perception is too bearish. Investments are long-dated assets and it takes an enormous amount of short-term losses to destroy long-term value.
Security prices reflect a of "tug-of-war" between reality and perception. We can use rules-of-thumb to determine if perception is too bearish. Investments are long-dated assets and it takes an enormous amount of short-term losses to destroy long-term value.
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