How does finance price the possibility of civil war & societal collapse in stocks? Would it just leave it out of the equation?
If there is a 75% chance your stock is worth $1 in a year and a 25% chance of civil war & all paper is worthless, what a stock worth? $1?
♡ 0 ↻ 0I don't think the market can put an efficient price on the game being completely over.
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