Sentences with phrase «highly irrational market»
The choice of the money manager is between normal returns on the strength of fundamental financials on one hand and abnormal temporary returns relying on a highly irrational market.
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Due to this dynamic, striving to maximize market share at the expense of one's rivals makes predation highly rational; indeed, it would be irrational for a business not to frontload losses in order to capture the market.
Juicy Excerpt: It could be that short - term price changes are unpredictable not because the market is highly rational but because it is highly irrational.