Do you believe in Market Irrationality or Market Rationality
{"Image DocumentName": "Do you believe in Market Irrationality or Market Rationality?", "Image ImageDescription": "Do you believe in Market Irrationality or Market Rationality? It\u2019s true that stock prices often move in ways that are hard to explain rationally. Yet, it\u2019s impossible to know what price movements are rational. And if many investors behaved irrationally, there would be profit opportunities for rational investors. Yet, beating the market is nearly impossible. hard to explain rationally means hard to explain on the basis of how a rational person would adjust his valuation of a company in response to news. CHAPTER 27 THE BASIC TOOLS OF FINANCE.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}