Explaining how investors can value a worthless company at $500M: "A market can't regulate the intelligence of investors." (H/T).
The invisible hand appears to be attached to the arm of an utter cretin. But hey, I forgot, "the market is always right and properly values assets." Alrighty, then!
-- Badtux the Snarky Penguin
Not much you can do about the intelligence of voters either.
ReplyDeleteWe are SO fucked.
JzB