Comment by dismalaf
25 days ago
The saying "the market is rational" simply means that assets are priced using all currently available information.
25 days ago
The saying "the market is rational" simply means that assets are priced using all currently available information.
And then your bias makes you ignore all available information, so this doesn't mean anything.
Bias affects sentiment regarding future performance.
And it does mean things if you understand the meaning of the terms in the context of "finance".