Batnick: Stock investing obscures embedded expectations unlike sports betting
Michael Batnick · Michael Batnick - The Best Investors and Their Biggest Mistakes (Capital Allocators, EP.71) · Oct 8, 2018 · at 21:14
Michael Batnick contrasts sports betting odds with the hidden expectation dynamics inherent in public equity markets.
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“And that's the hard part about investing is that, like, if you want to bet on the Golden State Warriors, well, you're not going to get very good odds, right? Because everyone knows they're going to win. Same thing with horses. But when you're buying a stock, you don't necessarily see the embedded expectations. You only find out after the fact. So you don't have the odds.”
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