It has been argued that stocks market price can deviate from its intrinsic value. Discuss the following question: If all investors attempt to behave in an entirely rational manner, could these differences still exist? In answering this question, think about information thats available to insiders versus outsiders, the fact that historical probabilities of financial events are fuzzier than probabilities related to physical items, and the validity of the concepts of animal spirits, herding and anchoring.