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Re:How Can Yahoo Be Worth Less Than Zero? by waps on Thursday April 17, 2014 @11:08PM (#7607774)
Isn't that the efficient market hypothesis ?

Which, when you read it, I'm sure you can come up with 10 counterexamples (obvious counterexample: ponzi schemes). I guess you could call me a disbeliever.

Re:How Can Yahoo Be Worth Less Than Zero? by pyrrhotech on Friday April 18, 2014 @09:11AM (#7609002)
Value is what the market is willing to pay for it--for anything, not just companies. The EMH says that that value is always discounted perfectly on a risk-adjusted basis of all current knowledge about the company. Therefore if a company exceeds its risk adjusted expected performance in the future, it wouldn't be possible to predict beforehand.