Correct. Short term market flucations based on panicking gamblers do not cause a stable company to lose actual value.My head is spinning now. So Lilly lost no money from the situation?
“For Eli Lilly, someone’s $8 caused enormous damage – stock dropped 5 percent and billions were wiped off of the company’s value.”
So reducing the company value billions of dollars cost nothing?
If you think that the stock market reflects the true value of a company, I invite you to explain Gamestop to me.