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The stock market is not always rational from "summary" of A Random Walk Down Wall Street by Burton Gordon Malkiel
The stock market is not always rational. In fact, it can be quite irrational at times. This is a concept that many investors struggle to understand. They believe that the price of a stock should always reflect its true value. However, this is not always the case. One reason for this irrationality is the behavior of investors themselves. People are not always rational beings. They are influenced by emotions, biases, and cognitive errors. This can lead them to make decisions that are not based on sound logic or reasoning. Anot...
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