Posted by on March 20, 2017 1:25 pm
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Categories: Business Economy Finance Financial economics money Share price stock stock market Stock valuation

Absolutely.  Paper wealth is sooo intoxicating, until paper promises go poof. 

Example: Radio Corporation of America (RCA)

From RCA’s 1929 high of $114 the stock price dropped for the next three years, reaching it nadir of less than $3 per share in 1932.

RCA was the predominant technology leader of its day. Nevertheless, it lost 97% of its value.

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