”I am extremely skeptical that Facebook could possibly live up to a $15 billion valuation - there are a lot of companies out there that trade significantly under $15 billion that you could buy which have stable, inflation-adjusted cash flows. For example, you could buy CP Rail for $10.5 billion today. They made $707 million over the past 12 months, after taxes. Facebook won’t get this close, ever.

Sacha Peter