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#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
Price vs. Value in the Stock Market
Understanding the difference between price and value in the stock market is crucial. Price is the payment made, while value is what is received. The stock market serves as a tool for investors to determine the worth of assets. In the short term, the market operates like a voting machine based on speculation, but in the long term, it functions as a weighing machine, providing a more accurate assessment of an asset's value. To succeed in the market, one must discern the true value of assets and leverage this understanding to make informed investment decisions.
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