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    1. Business

    Measuring irrationality

    July 1, 2011

    In his editorial “The value of ideas” that appears in the July/August issue of Lightwave, Editorial Director and Associate Publisher Stephen Hardy adds his name to those who have given up trying to figure out just what the traders on Wall Street are thinking. The gap between what a company is perceived to be worth and what it actually earns continues to astound him…

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