but tomorrow it will be 23.98 or 25.17, and hence it will be less or more over-valued (according to something or other)?
Maybe the shareprice, the ‘wisdom of crowds’, is more accurate than some formula that necessitates other assumptions, such as inflation, interest rates and growth?
“Short term the market is a voting machine …. but in the long term, its a weighing machine” – Benjamin Graham
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