Strictly in the sense that over time it measures something. In the short term pe... | Hacker News

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		rmrm on Feb 28, 2020 \| parent \| context \| favorite \| on: We Just Witnessed the Fastest Stock Market Correct... Strictly in the sense that over time it measures something. In the short term peoples opinions matter, in the long run company performamce matters. The stock price relates to earnings and capital efficicency etc over the long haul.

bo1024 on Feb 28, 2020 [–]

That makes sense for one company's stock price versus another's. But it doesn't help me understand how the average behaves...

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