5min chapter

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One on One with A and Z #12: What is the most misunderstood area of markets?

a16z Live

CHAPTER

The Biggest Misconception in the Markets

The market's very efficient at getting concensus, but that happens very fast. If you hold a stock in a public company, you're actually either holding an option or a bond. The only new thing that can happen that affects your return is something bad,. So if e company like it gets the skids, gos bankrupta, runs out of money, then you're just like, completely hosed.

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