Evolutionäre Zelle
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— Barak Ravid timeline of Axios reports on an ‘imminent deal’.

@Middle_East_Spectator
So isses:

"That is the essence of modern finance.
A mutual agreement not to look down.
Market cap is the last price multiplied by all outstanding shares. That’s it. That’s the whole trick. One transaction - possibly between two people who know each other, possibly on a Friday afternoon when literally nothing else is happening - sets the “value” of everything. Every share that didn’t trade. Every derivative on the shares that didn’t trade. Every ETF built from the derivatives. Every pension fund holding the ETF. The whole magnificent teetering tower of abstractions, repriced by one tick."

https://no01.substack.com/p/a-treatise-on-imaginary-numbers

Das gilt übrigens 1:1 auch für den "Ölpreis".