You can lose badly buying unprofitable companies at 18 times sales, but what mental giant paid €101.73 for the 100-year Austrian bond 6 months after it was issued at €65.96 to yield 0.42%? Guesses on today’s price? Here’s a hint: The 98-year yield is now up to a rich 3.29%. 1/ pic.twitter.com/sYncOKGX1O
— Christopher Bloomstran (@ChrisBloomstran) October 22, 2022