Comment by james_oofou

4 months ago

And what is it that you believe about these old money types' knowledge of AI and why is it that you believe it?

1 comment

james_oofou

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rhetocj23  4 months ago

I hate to break it to you, but this is besides the point.

The marginal investor is the price setter, you, I and everyone else are just price takers in the market.

If enough marginal investors decide assets are over-valued, you have no choice but to accept it.