Eugene David ...The One-Minute Pundit |
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Thursday, October 09, 2003
THE PAUL "NUMBERS ARE FUN" KRUGMAN STATISTIC OF THE WEEK:
If you bought $10,000 worth of General Electric stock on the day Jack Welch became chairman and CEO back in 1981, that same investment would be worth over $750 million today. (Emphasis added.) LIT-TLE JEFFREY!! LOOK BEHIIIIIIIIIIIIIIIIND YOUUUUU!!!! (Using my handy-dandy super-duper Calculator function I can ascertain that GE Bancorp's market cap in 1981 was $4,040,000.00 [assuming no reinvested dividends]. [On the other hand, if LEGENDARY WELCH bought the stock in '81, it probably was worth over $750 million.] Here is Exhibit #1 in the case of the news biz' penchant for statistical nonsense.)
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