Saturday, February 21, 2009

Fun with figures

There are stories and blogs out today saying GM stock is now worth what it was in 1938. That's not true. A GM share is now worth a little more than a chocolate bar. In 1938, it took about 30 chocolate bars to buy a GM share. And in 1938, buy that GM share would have been a smart move. Not so now.

3 comments:

Anonymous said...

The stories I read says the comparison is inflation adjusted, and adjusted for splits etc. In which case, it is almost exactly right.

Anonymous said...

At least the chocolate bar gives you a sweet return.

Ottawa Watch said...

Would have been a better deal back then, I'm afraid.