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