Re: Dow 36,000

Eliezer S. Yudkowsky (sentience@pobox.com)
Tue, 28 Sep 1999 09:39:13 -0500

If all stocks have infinite potential over infinite time, then the rational value of a stock is not the expected return; laws of supply and demand come into play, and the question becomes which stock can provide the highest return in the least time at the least risk, especially compared to other investments like T-bonds, venture capital, or opening your own restaurant.
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