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Investors must beware of potential danger and plan for the future

No given strategy will guarantee the best returns but reasonable strategies will limit losses

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Investment

Devangshu Datta 



Devangshu Datta

It is an axiom that stocks are never fairly priced. The theory of reflexivity states that when a big downtrend or uptrend starts, it is guaranteed to overshoot the fair-price mark. Most of the time, therefore, valuations are higher than justified by fundamentals or lower than justified.

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First Published: Sun, September 10 2017. 21:59 IST

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