Yeah, that headline struck me as backwards too, but I acknowledge it's based on an old framework that doesn't match the modern facts.

P.S. punished for what, honest self-deprecation? By "it" I meant my expectation, not the headline ... is that really not clear?

It felt the same way when AOL bought Time Warner.

In business, it's sometimes more about people's expectations for a company's future than their past performance.

We must never assume the market is rational, and enough people getting hyped at the same time can give a company enough short-term cash to make an unexpected move.