Michael Perelman wrote: > > Asset prices can convey information, but they can also convey misinformation. > These > prices can be correct. Even a stopped clock gives the right time a couple > times a > day. The problem is the inability to identify when the price is correct and > when it > is not. [clip[> > On Wed, Dec 17, 2008 at 11:22:19AM -0500, Doug Henwood wrote: [clip] > > > > They can sometimes, ****whatever "right" means****
Isn't Doug's qualification key. The "right price" of assets is determined by factors that have nothign to do with the asset itself??? The concept is pretty meaningless. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
