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by endorphone
2942 days ago
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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 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. |
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"The market can stay irrational longer than you can stay solvent".