
Benjamin Graham's Mr. Market allegory teaches that markets can be irrational, with prices fluctuating wildly independent of intrinsic value
Image: Man vyi, Public domain, via Wikimedia Commons
Benjamin Graham's Mr. Market allegory teaches that markets can be irrational, with prices fluctuating wildly independent of intrinsic value
Reflexivity (social theory)
George Soros's reflexivity theory suggests market perceptions can change fundamentals
Efficient-market hypothesis
Prices reflect all available information
Quantity theory of money
MV = PY equation
Laissez-faire
Laissez-faire economics advocates minimal government intervention in markets
Warren Buffett means by 'Be fearful when others are greedy, greedy when others are fearful'
Warren Buffett's paradoxical investment strategy: "Be fearful when others are greedy, greedy when others are fearful."
Herd behavior
Herd behavior leads to market bubbles and crashes
Educational content, not financial advice.
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