pull down to refresh
aaah noooeeews. He got me
what's the 3% doing?!
reply
Arbitrage...
reply
squarbitrage
reply
The current price is really the discounted present value, right? The future price should be higher, or else people would store their wealth in bonds and such.
reply
yes
reply
Wait, I thought current prices were the best predictors of future prices.
Shouldn't you be expecting $84.5k + 3-ish%?