Posts Tagged ‘mispricing’
Two weeks ago, I wrote about these two Nobel Prize winners and how their respective economic research has shaped my investment practice.One very very sharp reader of my blog sent an email to me, and here is what it said:
Aren’t these 2 philosophies opposites of each other? If the market prices correctly based on all available information, how can the stock price be different from the expected dividend? Aren’t these 2 prize winning economists speaking in opposites?
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