Finance School of management How Does the Market Price Approach the Fundamental value The consequences of consistently overestimating the accuracy of ones estimates The enormous rewards to anyone who can consistently beat the average The relative ease of entry into the analyst business Precisely because professional analysts compete with each other, the market price becomes a better and better estimate of fair value", and it becomes more difficult to find profit opportunities uesTc 1010 Finance School of Management How Does the Market Price Approach the Fundamental Value – The consequences of consistently overestimating the accuracy of one’s estimates – The enormous rewards to anyone who can consistently beat the average – The relative ease of entry into the analyst business Precisely because professional analysts compete with each other, the market price becomes a better and better estimate of “fair value”, and it becomes more difficult to find profit opportunities