In the long run, the price of all assets revert to their fundamentals.
In order to be true competitors in the talented Western Conference, they have got to revert to the fundamentals and play hard-nosed defense, box opponents out to grab rebounds, and hustle back in transition, he said.
In the long run, stock prices tend to revert back to fundamental value as the market realizes its mistakes.
A new study by CUMC researchers shows that beta cells do not die but instead revert to a more fundamental, undifferentiated cell type.
But as the campaign comes down to its last nine days, Al Gore and George W. Bush have reverted to a fundamental argument about the role of the federal government in everyday life that had Alexander Hamilton and Thomas Jefferson spitting at each other, and fueled the critics of Presidents Franklin D. Roosevelt and Lyndon B. Johnson.
Eventually, however, overvalued markets do correct and revert to levels justified by economic fundamentals.
"At some point," he added, "you revert to a focus on our fundamentals, and those are decidedly better than conventional wisdom has it".
Yet "The Radical Center," by Ted Halstead and Michael Lind, provides useful insights into a system that's still broken in fundamental ways and may revert to its old ways as soon as the shock wears off.
Working from either fundamental data like earnings or from the notion that the market must revert to a mean following the 1982-2000 run-up, the academic analysts calculate that returns are now going to be disappointing.
"Otherwise, everything would revert to his heirs".
