Thursday, January 21, 2010

AND THE BULLSHIT IS EMBEDDED IN THE MARKET ITSELF

You may recall that 3Com owned Palm, the maker of the Palm Pilot. 3Com put 5% of Palm on the market and that 5% came to have a greater market value than 3Com, which owned the remaining 95% of Palm.

You are more likely to recall that the husk of the former GM is known as Motors Liquidation Company and is in fact worthless but the market now values the shares at about $500 million.

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