Re:Show HN: I built a website to create financial models for...
by czbond on Tuesday May 21, 2024 @01:05PM
(#40431041)
I was referring to an equities price generally being in a wide band channel of price over a year. I was not suggesting an equity goes wildly below it's intrinsic value often (although it is not uncommon still)
- price (absolute level)
- price movements (relative change)
Your claim is that an equity's price isn't usually a reflection of fundamental value.
On how many days this year (or this decade) was Google's market cap lower than that of Cheesecake Factory? Why?