Re:Steve Ballmer's Microsoft
by crazygringo on Tuesday May 15, 2012 @05:52PM
(#3979095)
Neither is it entirely non-efficient nor non-rational.
Obviously, the stock market isn't about the actual future -- nobody knows that.
It's about the expected future, calculated in a pure informational way.
The price = the market's overall evaluation of all currently available information. Obviously it's not perfect, but the point is that if you know better, then you ought to be in investing, not programming, because you'll make a lot more money.
Obviously, the stock market isn't about the actual future -- nobody knows that.
It's about the expected future, calculated in a pure informational way.
The price = the market's overall evaluation of all currently available information. Obviously it's not perfect, but the point is that if you know better, then you ought to be in investing, not programming, because you'll make a lot more money.