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.
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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. |
---|---|---|
$16.53 | 410 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 16.390 |
1 | 754 | 16.300 |
1 | 2000 | 16.200 |
2 | 598 | 16.000 |
1 | 946 | 15.890 |
Price($) | Vol. | No. |
---|---|---|
16.560 | 410 | 1 |
16.570 | 750 | 1 |
16.580 | 500 | 1 |
16.640 | 290 | 1 |
16.760 | 50 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
WA1 (ASX) Chart |
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