GE—The example of the drillship in the WSJ write-up may have been misguided, but the impetus for the story was not, IMO. GE would certainly have been better off if had financed only its own big-ticket industrial items (as the captive subsidiaries of such companies as CAT and DE do) rather than anything and everything, anywhere.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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