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Years ago I read the most popular normie investor book, the intelligent investor, and it talks about calculating fair value. Once you get that, you basically buy at prices below that for the companies you’ve determined are good. I remember looking up all kinds of calculators that do the math for y...

I don’t know how many more, but they’re happening more and more frequently every day.

The markets in my town make sense, maybe because I know how hard the other people work to make it happen. Now, if you’re talking about stock markets….

Markets are efficient at distributing scarce resources. They are the best at it, that is why we consider it efficient.

As long as interventionism and money printing exists, bubbles will keep happening

Have you seen what goes on in our schools and universities? Explains a lot.

markets work just fine. its retarded humans and the herd mentality thats the problem. that and greed for a quick profit. its the market that cirrects for that and idiots lose their shirt.

Yeah there's this weird thing where it's like the "real" economy, the stores near you, housing costs, etc, obey basically "supply and demand" and operate more or less efficiently.... But once you get to the top of the stock market, AI is just this big sucking black hole that sweeps in everything.

You need commodities for efficient markets. That's why all companies try to avoid letting their product become a commodity.

They're inefficient, but there is a massive prisoner's dillema that forces anyone under a certain size to go with the crowd. Which is why we need to build hashrate liquidity networks with bitcoin.