Fuzzy numbers etc.
The market capitalisation of the US investment bank Bear Stearns was once again misreported when we said it was once valued at $70bn (Does anybody know what went wrong?, page 6, G2, March 24). As we pointed out in this column last week, it was worth about $25bn at its peak and its highest value in the week of its collapse was almost $7.5bn.
Report an error