To continue the story, the stock market is halfway between science and politics: It listens closely to reality when a company goes bankrupt or pays a dividend, but at other times listens to itself and rushes crazily up or down (luckily it can’t go other directions). And you know, halfway is better than nothing. Let’s invent a market that can pass laws!
the Daily Whale
copyright 2012, 2024 Jay J.P. Scott
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