Price is a liar

Morningstar publication Firstlinks has published an insight piece from Talaria Co-CIO Hugh Selby-Smith – Price is a Liar.

Focussing on how understanding price is vital to understanding financial markets, the piece steps through behavioural and cognitive biases and historical examples of price bubbles while offering readers a ‘lie dectector’ via valuation, which helps an investor understand how much a price is lying, both for good as well as ill.

Read the full article here.