the long way downunder
Well-Known Member
In fundamentals, yes, to some extent, conventional, mature businesses can be measured up by their stock price, but the stock price at $175 didn't reflect Rivian's health, either – not for a startup with a war chest of billions, not for Berkshire Hathaway at the other end of the spectrum.Not sure how you can state that. A stock price (and bond price) definitely reflects a companies financial health.
Investors are betting the outlook has dimmed significantly compared to a year ago.
I don't know about bond prices, but I wouldn't equate a debt instrument to an asset market cap, and I would say Japan's bond price is not to be compared to the US bond issues … : )
The stock price is only ever one thing: the forward-looking discounted expectation of future performance and future risk.
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