Tuesday, January 13, 2009

Make Money Like Porsche

I saw a post on kottke.org a while back when Volkswagen became the largest company in the world by market capitalization. It piqued my interest, but I didn't know enough to look deeper. Turns out there's a fascinating story there, beginning with Porsche recognizing an opportunity to engineer a short squeeze and ending with the well-publicized suicide of Adolf Merckle. Here is a very lucid explanation of what happened.