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The take: a few dozen Spanish doubloons and lots of fascinating, but essentially valueless, maritime esoterica.
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They then adjust for the fact most bonds do not become entirely valueless in default.
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For him the lack of video, photographs and inventory rendered the exercise valueless.
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Those banks of massive lasers to fry the incoming alien ships would be entirely valueless given that there are no aliens.
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Meanwhile, plummeting costs for production and distribution have left recordings virtually valueless.
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But what about all the cash bonuses and stock that had already been paid out for illusory earnings and revenues based on valueless investments?
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Theory is splendid but until put into practice, it is valueless.
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The argument that Paulson was deliberately putting in securities that he thought were valueless makes no sense because, of course, that's why he was betting against them.
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If they debase their currency, it will ultimately become valueless.
ECONOMIST: Species inflation
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Meanwhile, he and his son were looting Ultimate Holdings by taking distributions from a company which had no real assets, since the GENI stock was effectively valueless but the margin loans against the stock were still outstanding.
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Implicitly, suffering is viewed as valueless.
ECONOMIST: Letters