Asset Valuation
topic on 2 shows · 2 statements across 2 episodes
2 statements about Asset Valuation, every show
Parrish: Overpaying is rational when acquiring genuinely scarce, one-off assets
“And then overpaying, you make overpaying seem rational, and in a way it kind of is rational, where it's like, well, this is only going to come up once.”
Marks: Asset prices reflect fundamentals combined with investor optimism
“If I could know only one thing, I would think I'd want to know how much optimism there is in the price. You know, prices are not the result of investment fundamentals. They're a result of the combination of fundamentals and psychology. And, you know, the highe…”