People say things like this without actually tying it to a conclusion or walking it to its logical endpoint.
Ok, an investor can be more willing to "go big"...whatever that means, but presuming it means to bid more aggressively, so what? Self-fulfilling motives? What does this even mean?
You've said a lot of hand-wavy things without actually arguing how any of this results in mispricing.
It means they have deeper pockets and can hyper-affect price because of comps.
Self-fulfilling means that they have enough "positions" to raise prices and pull up the value of their portfolio value as they do so.
You know...the things everyday Joe & Jane can't do. Am I hand waving or are you too slow to figure out the nature of the game? It's not rocket science. To equate institutional investment outfits with solo families is naive. No one should have to explain that here.
Ok, an investor can be more willing to "go big"...whatever that means, but presuming it means to bid more aggressively, so what? Self-fulfilling motives? What does this even mean?
You've said a lot of hand-wavy things without actually arguing how any of this results in mispricing.