RE:RE:RE:RE:Rational markets Ceremony:
with all due respect, you are missing my point. The market is irrational. Stupid. Dumb. We think what the market does is correct and accept it. You concede that the futures curve is a poor predictior of future prices but that the stocks trade on that bad data. That is my point. Bad data, poor predictive ability and lord knows what other erroneous assumptions are plugged in to value a stock.
We need these errors as investors to get rich on these mistakes. I’m not a cheerleader. Far from it but I am close to being an insider on paramount because I think guys coming on this board plus the consensus have no clue how valuable Pou will be. We will see come mid 2019 if I am right.
Have a good long weekend.