Markets today offer valuable lessons in differences between change in value and change in price

​​Market participants initially get intoxicated by a given idea and price an asset far higher than its fair value. When realities change, and fair value contracts, markets go into extreme panic mode and price that asset way lower than warranted.

Markets today offer valuable lessons in differences between change in value and change in price
​​Market participants initially get intoxicated by a given idea and price an asset far higher than its fair value. When realities change, and fair value contracts, markets go into extreme panic mode and price that asset way lower than warranted.