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DewDiligence

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DewDiligence

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Re: biomaven0 post# 115984

Monday, 03/07/2011 2:02:08 PM

Monday, March 07, 2011 2:02:08 PM

Post# of 257262

Quiz—[PFE’s cash balance] is more like $28 billion. I figure $8 billion light makes the "egregious" category

Yes, being off by $8B is indeed egregious, so you get full credit for solving the quiz :- ) However, the NYT article has yet another error with an even bigger economic consequence, i.e. an assertion that’s off the mark by even more than $8B. What is it?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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