Flattening the Roller CoasterEconomic OutlookNovember 04, 2009 Posted by Joe Morgan, CFAI have always been a value investor. It always made sense to me that prices can be off-market for short periods of time, but tend to revert to the appropriate clearing level, acting as an equalizer between supply and demand. Basically, different views on value compete in the open marketplace until prices settle. We've all seen this mechanism in action time and time again.
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