[maxtower]

I don't think its as easy as David thinks to handicap the stock market.
A good FA can determine the value of a company with enough accuracy to make money when its shares are mispriced.
We know the market price, and thats how we can tell whether or not to buy the company.
What I don't understand is how you come up with this other number about the expectation of price. Shouldn't the expectation be the value you determined?