Erm, whut? I don't think you're insane. Less so now it's official that the thing we agree about is that Me and Koli are right about how shares are priced up.
We all agree that a proper share price is based on future revenue expectations. And the the price is properly set by the purchaser.
You are now aware of your previous errors, when you said stuff like
"The stock market is a broken system. It depends apparently not on the performance of the companies whose stocks are floated, but on the whims of people who make decisions based on partial information and their own hunches, yet who bear almost none of the consequences of their actions and, recent history suggests, little responsibility for them." Because you now realise that it is the purchaser whose whim counts, and he bears responsibility in full through the mechanism of not making profit.
It was a stupid thread, but at least we arrived at a reasoned consensus. The internet is doing well today.
