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Exactly, this is all I was getting at. Has nothing to do with fraud.
by danenania 16y ago
Exactly, this is all I was getting at. Has nothing to do with fraud.
- yummyfajitas 16y agoThen why bring up a company which was overvalued primarily due to fraud? Why not bring up, e.g., Pets.com or AOL?
- danenania 16y agoLook, the parent post stated that if people are willing to buy into a company at a particular valuation, then the company is by definition worth that much to investors. This is false and the Madoff scheme demonstrates it, as would any other ponzi scheme or speculative bubble that has collapsed. If you prefer a different example, write your own post.