Econ question: If people became marginally more able to predict the future, would you expect the total value of stocks to go up, down, or stay the same?
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@ZachWeinersmith
Great question...
"The best way to predict the future is to create it" (Lincoln, Drucker, and many others)
If the prediction was for a price rise, people would buy, and force prices up.
If the prediction was down, people would sell, and force prices down.
I think a sufficiently large investor, ignoring predictions entirely, could force the market one way or the other and profit.
