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“Intrinsic Value Calculations for Stocks are only for a selected few. It is boring, mundane hard work. For everyone else who wants to make money, there is the 'Greater Fool Theory', and it also works remarkably well in the real world. You may not believe it, but there always exists a bigger or greater fool willing to pay a higher price.” — Manoj Arora
Intrinsic Value Calculations for Stocks are only for a selected few. It is boring, mundane hard work.
For everyone else who wants to make money, there is the 'Greater Fool Theory', and it also works remarkably well in the real world.
You may not believe it, but there always exists a bigger or greater fool willing to pay a higher price.