“Markets are not efficient enough to incorporate actual inherent risk, given information bias, and emotionally challenged participants. Instead, prices are adjusted up to the cumulative perceived risk of all participants.”
Quote by Naved Abdali
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“The last transaction price is the least accurate measure of the fair value.”
“Prices are dominated by the minority, and values are governed by the majority.”
Source: Daughter of the Empire
Source: Mistress of the Empire