/biz/ - Business & Finance

One thing i've never understood in regards to the entire financial product market is the true valuation compared to the public valuation of entities.

Buffet talks about value investing, buying stocks in companies that are undervalued. Makes sense in a sane world, but when people are dumping money into crypto with no fundamentals, why would I even make the assumption that the stock price would ever go up when the stock price is only what people are willing to pay for it, not what it "should" be worth on paper.