Quote:
Originally Posted by Amputate Your Head
While a few of us no doubt see it that way, I think most would see a correction like that as nothing less than 'financial apocalypse'.
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A friend of mine who sold his company to an other company noted on the stock exchange 8 years ago, he frequently visits my office just to chat, have coffee, talk about life, problems with kids/wife and do gossip and all. He once said this to me, and I recall it perfectly: "If you have a company doing 100M per year making 1M profit and you go public IPO, how can a company be worth a billion a day later, since they still doing the SAME 100M in revenue and making the SAME 1M in profit? Nobody could ever explain me that logic, I just can't grasp it but I was paid for it, don't ask me how but it happened."
He never mind the fact he got paid but he never really understood how that system worked and why it's there in the first place.