Wealth quote of the day by Nobel Laureate Milton Friedman: “The stock market is filled with individuals who know the price of everything, but the value of nothing” Milton Friedman, Nobel Laureate and Chicago School economist, warned markets often ignore true value. U.S. stock valuations hit historic highs, with CAPE ratios above 30. Retail trading surged 35% since 2020. High-frequency trading dominates over 50% of volume. Productivity growth lags at 1.5% annually. Prices rise faster than earnings. Investors know price, not underlying value. Learn why this risks market stability.
Wealth quote of the day by Nobel Laureate Milton Friedman: “The stock market is filled with individuals who know the price of everything, but the value of nothing” — How monetarism explains market cyc
