I must admit having fun with value investors is a somewhat akin to shooting fish in a barrel The hubris required to believe that you and you alone actually know what something is worth and that the market will believe you is extraordinary.
Consider the case of HP’s acquisition of software maker Autonomy, they thought it was worth $11.1 billion. Apparently, its worth about $4.60 or about 7 times what you would pay for a Kit Kat at a Coles Express store.
Below is a chart of HP to demonstrate that aptly demonstrates how well their value investing principles are going for them……
