Implied Facts
 

"Efficient market theory implies that assets are ALWAYS fairly valued. "

Implied but no true .

My crappy little termite farm in the Ghetto is worthless apart from land value, just before the housing bubble blew I'd have idiots on my porch when I got home, checkbook in hand made out for $700,000.00 for a 1200 S.F. teardown dump .

If I'da been foolish enough t sell, where the hell would I have to live ? .

Yes, where and to whom you're born is a big boost and provides handy bootstraps .

I was born into an upper middle class white family, pops was a famous oncologist for all the good it did me .

Sitting here in a nice comfy house with my Sweet watching endless christmas gift adverts, I wish less attention would be paid to getting stuff and more to the families and children .

Efficient market theory implies that if you can get $700k for your home, then that's it's fair value. At the same time as you received that offer, someone was offering $1.7m for my humble adobe, so clearly your house was bargain priced. Give you a better example. Amazon turned zero profits for decades. It thrived because there was always some idiot willing to buy a share of stock. No only buy it, but pay up for it. Finally after 20 years on the come, it worked. So who's the idiot?

The so-called "idiot" you refer to didn't buy stock from Amazon. It was bought from another shareholder.

As far as "paying up" is concerned, that's what makes a market. Paying up for the potential to generate future earnings seems to have worked quite well for a lot of idiots.......

You do understand that stock can be created or unlocked by the company after the IPO? Many new era companies tap a continuous flow of new money to shore up losing operations until a miracle happens. Amazon has been increasing float continuously for as long as they've been public.

A history of improving scale and volume can be an indicator of future value. It's a valid play for venture capitalists who have deeper pockets, greater power and better access to information. For accredited investors, maybe. But the danger of internet era investing is that small fry have the opportunity to swim with the big fish. Sometimes it works. Sometimes they get eaten.

Make hay while the economc boom persists. Just put some in the barn. Canada is showing some signs of stress that are not in America yet.

Rail traffic is dropping and last month showed unusual and unexpected job loss numbers. Railroads here are announcing crew layoffs. Retailers are claiming too much window shopping is going on. Where people go home and just order it off the net. Canadian railroads extend well into America.

Our Dem Congress may have a little to do with that. Months of waiting for them to even look at the proposed USMCA deal.

Lol. blame the Dems.

There are House-passed bills all over the Senate not being even looked at.



There will be another melt-down towards the end of this Republican presidency like there was at the end of the last Republican presidency.

Of course ~ the cowards who make these problems always blame others instead of doing anything to correct the problems they created....

Here It Comes.....
 

Wait a moment and you know who will make an ignorant comment about 'the leftists' .

How long did the USMCA sit there?

Not long....and your point is? Seems like it had bipartisan support....that is how it is supposed to work right?

And the house improved it.

Nor is it crispy fresh legislation. Just an update to NAFTA.

Times Wasting
 

You're trying to reason with a demagogue .

Let the record show that this thread went political in post #36.......:eek: