If asset prices reflect economic fundamentals, why not just model the fundamentals, ignoring the shadow they cast on Wall Street?

如果资产价格能反映经济的基本元素，那为何不根据基本元素制造模型，忽略它们笼罩在华尔街上的阴影呢？

youdao

She is without a shadow of a doubt the most valuable asset we got .

毫无疑问，她是我们最宝贵的资产。

youdao

Music producer DJ Shadow packs up an asset collection for torrent download: three music tracks, video footage, a photo vault and ... the RealPlayer desktop client.

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Credit Suisse estimates that the so-called shadow banking system now totals Rmb22.8 trillion or 44% of GDP, making it the second largest asset class in China!

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