Wall Street’s Wisdom
May 17th, 2011
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Wall street runs counter-intuitive to everything we’ve ever known. There isn’t much wisdom on Wall Street, save for the fact that Wall Street knows nothing, even when it knows everything.
That’s the difficulty with the modern Wall Street, in the short-term it is as much of a casino as it is a sound investment, but in the long-term, things usually clear up. We don’t know the fair value of a stock, bond, or commodity until well after we have invested, or until news is priced into the market.
