tag:blogger.com,1999:blog-36939759.post732340131228198181..comments2024-01-17T07:03:57.842+00:00Comments on The Mad Ranter: Banks and the stock marketFlipChttp://www.blogger.com/profile/09449939046593105926noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-36939759.post-1385787576188657712010-01-22T15:36:16.417+00:002010-01-22T15:36:16.417+00:00Don't blame piracy blame Global Warming it'...Don't blame piracy blame Global Warming it's about as relevant heh.FlipChttps://www.blogger.com/profile/09449939046593105926noreply@blogger.comtag:blogger.com,1999:blog-36939759.post-42354506230210926302010-01-22T13:42:24.861+00:002010-01-22T13:42:24.861+00:00Heh, reminds me of that anti-piracy website. It sa...Heh, reminds me of that anti-piracy website. It says “music sales are down 20% from last year”, but makes no attempt to demonstrate that this is actually <em>because of piracy</em>. It just <em>assumes</em> this. (I mean, let's face it, it can't be because the music industry only churns out generic, mass-produced crap that nobody wants to buy anymore, right?)Orphihttp://blog.orphi.me.uk/noreply@blogger.comtag:blogger.com,1999:blog-36939759.post-87518905210696923762010-01-22T10:04:30.357+00:002010-01-22T10:04:30.357+00:00"We've just made $3bn in profit!"
&q..."We've just made $3bn in profit!"<br />"Yeah, but we think you'll only make $2.5bn next quarter so we're going to sell your shares"<br /><br />or<br /><br />"We've just made $2.5bn in profit!"<br />"Yeah, but you made $3bn last quarter looks like your business model is failing so we're going to sell your shares"<br /><br />It's past a joke.FlipChttps://www.blogger.com/profile/09449939046593105926noreply@blogger.comtag:blogger.com,1999:blog-36939759.post-17890328403308258952010-01-22T09:49:29.865+00:002010-01-22T09:49:29.865+00:00Proof if proof were needed that a company's sh...Proof if proof were needed that a company's share price is in no way related to how well the company is performing, how much profit they make, or anything else. It's just an arbitrary number magiced out of thin air.<br /><br />When we took on our interrim CEO (who's still here, BTW), he said that one of his main objectives was to raise our share price again.<br /><br />Except that, as I just pointed out, share price has nothing to do with anything. It changes at random, and there's nothing you can do to make it increase or decrease. It would be like trying to make sun-spots appear…Orphihttp://blog.orphi.me.uk/noreply@blogger.com