we don't know that the price is "way too high" -- that is, to quote The Big Short what "makes it a bubble."
Regardless, we can only establish that in hindsight.
and efficient, in the efficient-market hypothesis framework here means something like "the globally, best guess, of current/publically available information about the future."
= point being: there's no model/idea/conviction/belief that provides an improved pricing compared to it.
(Maybe there's a relevant MONEY CLASS in here for the Stackers... who knows)
we don't know that the price is "way too high" -- that is, to quote The Big Short what "makes it a bubble."
Regardless, we can only establish that in hindsight.
and efficient, in the efficient-market hypothesis framework here means something like "the globally, best guess, of current/publically available information about the future."
= point being: there's no model/idea/conviction/belief that provides an improved pricing compared to it.
(Maybe there's a relevant MONEY CLASS in here for the Stackers... who knows)