But there's a chicken and egg effect here in that the stock prices are low because of low investment and the stocks are bad because the stock prices are low.
For instance, Meta has basically doubled in price from a few years back but their business is basically identical. Doesn't seem very efficient to me, at least.
I doubt that. Investment firms exist to find an edge. Any mispricing would be eventually exploited because the incentive to do so is so huge. That's what value investing is.
For instance, Meta has basically doubled in price from a few years back but their business is basically identical. Doesn't seem very efficient to me, at least.