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What I'm getting at is that the market value and the ultimate correct value of a company are two different things. The stock market works to make the market value be the consensus of what people think the ultimate value of the company will be, but what they think is not (necessarily) the same as what will ultimately come to fruition.


I think we all agree with that statement. That doesn't imply that speculating with the shares of the company isn't potentially profitable. We can then have long discussions about how ethical that is, and if it is a good or a bad thing for society in general, etc., but that is another question.