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?
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?
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.