I assume most of you have seen The Godfather Part II. In it, the character Hyman Roth (who is modeled after Meyer Lansky) tells MIchael Corleone, “We’re bigger than U.S. Steel” (which was actually a direct quote from Lansky regarding the mafia).
Well, times have changed. Take a look at US Steel, which today hit the lowest level of any data I can access:
The most amazing part of all? Amazon’s price rise today (to yet another lifetime high) was nearly five times the entire market cap of U.S. Steel. We live in interesting times, don’t we?
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