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Subject: Re: UKNM: More overvalued stocks
From: Clay Shirky
Date: Wed, 28 Jul 1999 14:22:45 +0100

> This is not a debate about the efficiency of the market. This is an
> observation about how a simple matter of supply and demand can
> masquerade as a confirmation of worth.

Where else is a confirmation of worth to come from, if not the mutual
agreement of the interested parties? What mechanism except supply and
demand could determine worth?

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  RE: UKNM: More overvalued stocks, Steve Johnston

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