Whilst what you may be saying is pertinent to the HC crowd, it doesn't apply to bankers and traders working at the institutions whose transactions pretty much determine what our stock is worth.
You would find that if you took the top 10% of your top 10%, you'd find these bankers and the traders, commonly known as 'the smartest guys in the room'.
And i can guarantee these guys understand what MS is saying.
confirmation of old news, page-15
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