While markets is never wrong, share prices in the market conditions may be wrong such as overvalued or undervalued. One can act and make profits once one identifies overvalued or undervalued stocks.
Google has made some very smart and profitable investments. Just one example - their $900 million investment in SpaceX is now worth a potential $$100billion - nice returns.
Yesterday (April 29, 2026) I bought spy Jun18’26 709 put and 540 put and simultaneously sold 704 put and 640 put. I received a premium of $1.02. I think this strategy has semi-hedging function. @Monica Bernard