Ep 443. Efficiency, Narratives, and Stock Prices: Sifting Through the Noise
Focused Compounding
00:00
Unveiling Stock Price Momentum and Market Inefficiencies
The chapter dissects the concept of momentum in stock prices, attributing it to delayed information incorporation and market inefficiencies. Examples post-earnings announcements are given, along with concerns about market efficiency. The conversation questions the influence of narratives on stock valuations and delves into the fascination with certain companies despite overvaluation.
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