Tuesday, January 19, 2010

Quote of the day

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

1 comment:

  1. Not much you can do about the intelligence of voters either.

    We are SO fucked.


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