The CEF universe is a strange and wonderful place, and part of the fund's wretched performance so far (it's lost more than twice as much since launch than the average large cap fund) might be attributed to a stretch of
irrational pricing in the CEF market.
Cost — this is largely a legacy issue through years of rather
irrational pricing in the print publishing industry.
Not exact matches
They panic and sell when
prices drop, then fall victim to what Alan Greenspan
in 1996 called «
irrational exuberance» and buy when
prices soar.
«These are all things that people have bought
in the past, and driven to completely
irrational prices, not because they did anything useful or produced any money and value to society, but solely because they thought they would be able to sell them to someone else for more
in the future,» he writes.
As such, behavioral funds seek to take advantage of
pricing anomalies that may exist
in the continuum between rational investors and
irrational investors by tracking their sentiment and decision - making.
It has often been couched
in terms of using monetary policy to prevent or deflate asset -
price bubbles — perhaps to dampen
irrational exuberance
in stock markets.
There is probably truth
in both of those, but I do think it is important,
in considering claims of
irrational exuberance, to note that the earnings
price ratio - interest rate relationship is
in a very difference place than it has been
in past peaks.
«I also found it difficult to integrate the efficient - market hypothesis (that everything
in the stock market is «known» and
prices are always «rational» with the random - walk hypothesis (that the ups and downs of the market are
irrational and entirely unpredictable).
They consider four sources: (1) increases
in actual and expected dividends; (2) perceived probability and the fact of a reduction
in the corporate tax rate; (3) decrease
in the U.S. equity risk premium; and, (4) an
irrational price bubble.
Jim Doti, an economics professor at Chapman University recently told the Orange County Register that home
prices in the area have reached an «
irrational level.»
That said, despite the substantial
price supplement likely to be asked for it, the Paceman will still look like a bargain when compared with a Range Rover Evoque three - door, and
in the grand scheme of things it's no more
irrational a choice.
The things you should be looking for
in a custom writing company are services for all needs, affordable
pricing and flexible discount system, free revision policy, money back guarantee, and a great team of writers capable of impressing your
irrational professors.
I'm convinced they'd do well to reissue a reboot of the Note 12.2 (which was definitely ahead of its time) with a much more premium look
in contrast to riding the fence on quality output vs.
irrational price points.
Bull markets — periods
in which
prices as a group tend to rise — and bear markets — periods of declining
prices — can lead investors to make
irrational choices.
It means we look for situations
in the market where
irrational investors are influencing asset
prices, and we can understand and articulate why this might be so.
RiverNorth Opportunities (RIV): This is the closed - end fund for serious investors who know there's a lot of money to be made
in the
irrational pricing of closed - end funds, but who don't have the time or expertise to construct such a portfolio on their own.
The lesson is that investors should assess the real performance of the companies they invest
in, and not get carried away by the often
irrational prices that occur
in the stock market.
For some, this is an opportune time to buy the dip because it is an
irrational selloff; for others, it represents a fundamental
price change based on the new value of assets
in a post-Brexit world.
In contrast the often erratic and mostly irrational daily short - term volatility of stock prices in general is no
In contrast the often erratic and mostly
irrational daily short - term volatility of stock
prices in general is no
in general is not.
While Central Banks have an influence on this market it is
irrational to argue that they can control the
prices in this market.
This lack of buyers isn't that
irrational, irrespective of
price... to explain: I might buy AVGR again, but I'd definitely need some real clarity / improvement with the Ukraine situation & ideally the company's own (corporate governance) situation, and I'd be happy to happy to pay up on the share
price in those circumstances — obviously, that's not going to happen today... or by who knows when.
If you think
in terms of opportunity costs, it seems
irrational to adopt any investing rule unconnected to whether the position is undervalued and safe per traditional Graham / Buffett value metrics like PE,
price to cash flow, debt to equity, current ratio, and DCF analysis.
So the market fails to be «rational» (
in relation to
pricing volatile stocks) not because major market participants are
irrational, but rather because they are rationally pursuing a goal other than maximization of risk - adjusted return — namely, the goal of keeping their jobs by not lagging the benchmark.
Shiller is saying that the portion of stock
prices that is caused by
irrational exuberance is not rooted
in economic realities, it is cotton candy nothingness that is fated to disappear into the mist
in time.
Note how ORCL's
price departed markedly from either the orange - line or blue - line measures of true value
in the period of
irrational exuberance of 1998 - 2000, then plunged back down
in the tech bubble's crash from 2000 - 2002.
Baskin delves further into his model with a series of prints of tulips embellished with gold leaf; questioning how value is defined, particularly
in regard to the tulip, a rather ordinary item that came to command extreme
prices, they reflect the
irrational and almost metaphysical foundations of economic desire.
A market that is permitted to ignore the indirect costs
in pricing goods and services is
irrational, wasteful, and,
in the end, self - destructive.
In pricing goods and services, our current market system ignores the indirect costs, which is
irrational, wasteful, and self - destructive.
This is only to ask whether we can move, this time, beyond this tradition of
irrational pricing to some form of rational choice
in how best to circulate and grow what we know.
When Bitcoin broke through the $ 10,000
price mark last November 29, 2017, on its way up, the financial news media went absolutely crazy over the cryptocurrency, bringing a great deal of attention to it, and
in many ways creating an «
irrational exuberance» among newcomers to the market, leading to the significant rise
in demand, and the rapid
price increase.
Hence, Bitcoin's
price rise is completely
irrational in their eyes and a guaranteed setup for failure.
Jim Doti, an economics professor at Chapman University recently told the Orange County Register that home
prices in the area have reached an «
irrational level.»