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Prudent Man CFA is a
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So much for the stock market's discounting validity. Another myth like the efficient market hypothesis.
Nov 30 20:27 pm
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All Comments by Prudent Man CFA »Big Difference between Price and Value [View article]
I hope that only the talking heads on CNBC, WSJ, Bloomberg, Fox, and other members of the mindless business media still believe these hoaxes in order to draw naive investors into the Wall Street financial slaughter houses.
Does anyone believe that the value of a company like Exxon-Mobile, with all their various products, assets and subsidiaries, varies every day depending upon the news or what some clueless analyst says? Such nonsense has little to do with investing and only results in the chaos such as we are seeing today.
When the smoke clears and the public learns what money managers have done to pension funds and peoples life savings a generation, hopefully, will be gone from the Wall Street predators. But, with the emotion of greed that has been present forever, the lambs will be back to be slaughtered.