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Let us try to extend the time horizon a bit longer and further, intrinsic value and extrinsic value exist in fellows like us; some people might enjoy a higher P/E and some might could arbitrage his/her life luck. Having said that though, when a thing deviates from its own value so much far so the market has reached a consensus, then it has to face the return to the true value. What’s the difference between poker and life? You might all in on the table and let things settle then shuffle for the next round. But we actually do not have many opportunities to shuffle then what makes our bet on this hand? So we beat on, boats against the current, borne back ceaselessly into the past.
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