It most certainly does! It has mood swings, finds itself in denial, and seems to throw logic into the blender at least a few times a year! However, it still is the best tool to integrate information into a coherent valuation estimate. The 'best' and 'perfect' have a wide gulf between them, but I have never seen any evidence that anything is better than the market. If you know of something, you have my permission to make millions beyond market returns by using it!And the market never experiences irrational exuberance, does it?Sorry to not answer, exactly, your question, but there is actually a really great tool, continuously updated in real time, that integrates all known human information available, both measurable and unmeasurable, both public and private, integrating all market factors in proportion to their effect on the market, from every country in the entire world. Get this - it then even produces the most accurate prediction possible, also continuously updated, free of charge!
For those unaware, feel free to Google "The Market" in case you doubt my hyperbole.Humor aside, I really mean it - the market is the gold standard integration of all valuation information in the world. However, many people seem rather interested in wandering lost than looking at a map, so this tool I recommend may not be your thing...
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Founding Father
Founding Father
Statistics: Posted by FoundingFather — Thu Feb 20, 2025 11:47 pm