Jan 132009
Today we learn that Joe the War Correspondent wants to ban the media and got into an argument with an Israeli journalist but the more interesting tidbit comes from Ivan Krstić, who writes about Porsche earning a load of money by quietly purchasing VW shares and then short squeezing hedge funds.
On paper, Porsche made between €30-40 billion in the affair. Once all is said and done, the actual profit is closer to some €6-12 billion. To put those numbers in perspective, Porsche’s revenue for the whole year of 2006 was a bit over €7 billion.