Reasonable to a Fault
Via Paul Kedrosky one truly lucid discussion of the financial mess we may be in:"You could buy all of General Motors for $2 Billion and you would be overpaying."
And please do not try to save THIS GM - as he says, bankruptcy proceedings are a way to restructure.
I hope his optimism is justified.
Labels: baseball psychology economics, Bill Ackman, hedge funds
posted by Alan Adamson @ 8:18 AM
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