In case you ever wondered why Porsche has more profit than revenue

by Volker Weber

It meant that because Porsche had not declared the proportion of VW shares it controlled, traders may have been indirectly and inadvertently borrowing shares from Porsche, selling them to Porsche, buying them back from Porsche and then returning them to Porsche.

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[Thanks, Ben]


Das Geld ist nicht weg, es ist nur woanders.

Gregory Engels, 2008-10-31

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I explain difficult concepts in simple ways. For free, and for money. Clue procurement and bullshit detection.


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