Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this price, but another price higher or lower.
Louis Bachelier
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This page presents the quote "Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this price, but another price higher or lower.". Author of this quote is Louis Bachelier. This quote is about currents, judged, higher, ifs,.