“The funny thing about using the last transaction price as a proxy for the fair value is; that even the two people, buyer, and seller, who caused the transaction do not agree that the transaction price is the fair value of that stock. They have opposite views about the real value.”
Quote by Naved Abdali
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“Over the long term, and I mean a very long term, markets are efficient.”
Source: Social Capitalism: Against Mammonism