“Priced in” is the proven false idea that markets are rational. Warren Buffet couldn’t have become a billionaire if “priced in” was true. Because otherwise there would never be undervalued companies to purchase.
I’ll amend my statement. If markets were actually efficient then Warren Buffet couldn’t have become a billionaire because everything would have already been “priced in”.
That means the numbers were not worse than expected. It was always priced in.
“Priced in” is the proven false idea that markets are rational. Warren Buffet couldn’t have become a billionaire if “priced in” was true. Because otherwise there would never be undervalued companies to purchase.
The efficient market hypothesis does claim anything about “rational”.
I’ll amend my statement. If markets were actually efficient then Warren Buffet couldn’t have become a billionaire because everything would have already been “priced in”.