No, the discount is due to the fact that the market believes there is a risk tha... | Hacker News

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		foobarqux on Sept 19, 2014 \| parent \| context \| favorite \| on: Alibaba Raises $21.8B in Initial Public Offering No, the discount is due to the fact that the market believes there is a risk that Mayer will misuse the money. More generally, no, you are not smarter than the market.

rthomas6 on Sept 19, 2014 [–]

Never said I was. That's why I buy the index funds. :)

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