Saved by sari
Investors Are Behaving as if the Future Has Already Happened
it did in the past. And investments made on the assumptions that tomorrow will look like yesterday must be subject to vastly increased scrutiny.
Howard Marks • Howard Marks Memo - The Winds of Change
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)
amazon.com
The final question is whether "TAM dreaming" can translate into dollars and cents in terms of valuation and execution. Forecasts have only one thing in common; they're all wrong. But appreciating directional size for a market can impact the equation.