Comment by james_oofou
10 days ago
And what is it that you believe about these old money types' knowledge of AI and why is it that you believe it?
10 days ago
And what is it that you believe about these old money types' knowledge of AI and why is it that you believe it?
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.