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Whether a share price is inflated or not is always a point of contention -- if it's so obvious we can all buy our put options and retire on our riches. However
by endorphone 8y ago
Whether a share price is inflated or not is always a point of contention -- if it's so obvious we can all buy our put options and retire on our riches. However Microsoft could literally have sold $7.5B worth of new shares and given that money to charity (which, in turn, would have been a nice tax benefit).
That money is very real, and there is nothing free about it.
- scarface74 8y agoWhether a share price is inflated or not is always a point of contention -- if it's so obvious we can all buy our put options and retire on our riches. "The market can stay irrational longer than you can stay solvent".