“I'm not assuming anything. That's the point.”
When does DD pivot from assumptions to logical conclusions to facts?
I would argue a cross section of investors could look at the same data and draw vastly different conclusions. Different risk tolerances, comfort levels, ability to connect some dots (or unwillingness to do so), etc will have an impact.
It is not often, in the investment world, that every exacting detail is known prior to making an investment. If all must be known prior to making an investment the price to do so will likely be higher than it was for those that accepted some risk and invested based on their interpretation of the data they have collected.
Something unknown to one does not mean it’s unknown to all.
To each their own.
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