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Trading Global Markets
  • Preface
  • Markets
    • What is a Market?
    • A Brief History
      • Reminiscences: The 1920s/30s
      • Market Wizards: The 1970s/80s
    • Humans and Markets
    • Computers and Markets
    • Products
      • Options
  • Asset Classes
    • Commodities
      • Energy
      • Metals
      • Agriculture
    • Crypto
    • Currencies
    • Equities
      • Valuation
    • Fixed Income
  • Understanding Markets
    • Information
    • Growth
    • Cycles
    • Participants
      • Reflexivity
    • History
    • Patterns
      • Classical
      • Emergent
    • Structure
    • Measurement
    • Space and Time
      • Uncertainty
      • Entropy
  • Interacting with Markets
    • You, Me, Market
    • Prepare
    • Playbook
    • Detachment & Compassion
    • Flow
    • Projection & Imagination
    • Fallibility
    • Knightian Risk
    • The Trend
    • Observation
    • Evaluate
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  1. Asset Classes
  2. Equities

Valuation

Valuation is intrinsically remarkably simple. The people choose to make it complex, because that is how the system makes a living: cover things up with complexity; keep people away; and give the "experts" on TV and Twitter things to talk about.

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Last updated 4 years ago

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