Some things to bear in mind when you see a news article about #SharePrices rising or falling.

Share price is, nominally, a function of how well rich people expect a company to do.

#GoodhartsLaw states that "When a measure becomes a target, it ceases to be a good measure". High share prices long ago became a target, and so have nothing to do with how well a company is doing; at most, they are now a function of how rich people expect them to change. #SelfFulfillingProphecy

Infographic – Biotech Index Shows Life, Ends Flat This Year

The Nasdaq Biotechnology Index, an indicator of #investor sentiment in science-based businesses, bounced back from its 2023 low point, but still ended down slightly for the year on 30 June.

https://sciencebusiness.technewslit.com/?p=44947

#News #Science #Business #Nasdaq #Biotechnology #Pharmaceuticals #Finance #StockExchange #SharePrices #Statistics #Infographic