错误4: 可以让我请的会计师或者律师做估值
Myth 4: We can have our accountant or lawyer do a valuation.
投资者与会计师们则认为所有估值都是主观的,他们怀疑管理者的动机,认为市价是最不坏的选择。
Investors and accountants, however, think all valuations are subjective, doubt managers' motives and judge that market prices are the least-bad option.
一个很有说服力的例子是,在楼市泡沫最盛、住房建筑股的估值达到疯狂水平的时候,多数建筑行业分析师都是看涨。
A case in point: At the peak of the housing bubble, when home-building stocks were at crazy valuations, most construction industry analysts were bullish.
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