I'm getting sick of this "fair value" nonsense, it's nearly as bad as the WA1 = $1323 per share lunacy.
Hmm yes, even when AIG was worth $0, it's fair value was $180 bn of bailouts? What about the $57 bn of unfunded liabilities?
Markets are efficient and tend towards market clearing but extreme EMH fanatics make a mockery of market (information discovery) processes, particularly with a critical asset with public (military) buyers. Of course, a process is also a better descriptor than a "mechanism".
It's Pangolossian, small-minded pettifogging in a dream world where Munger and Buffet literally cannot exist, but LTCM & that dangerous scoundrel John Meriwether is the cleverest fund manager in existence.
Don't debate me bro, I've said my piece.
I'm getting sick of this "fair value" nonsense, it's nearly as...
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Last
$16.45 |
Change
0.760(4.84%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $15.40 | $16.71 | $15.26 | $4.950M | 306.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $16.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.53 | 410 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |