Favero asked if reasonableness tests apply to GE stock value.

Anybody up working early? It's 8:50 AM ET. CNBC cable presents this AM:

"Professor Hans Stoll will be on Squawk Box Monday morning, November 23rd, 9:10 am ET, to further explain Fair Value and to tell us how it may work with your investments."

Reply to post by Scott Cullen, on November 23, 1998 at 08:52:53:

Well, it certainly confirmed that people who use the term value all the time can't necessarily articulate exactly what it means. And that it may not mean the same thing all the time!

Today Mark Haines allowed that before yesterday's Fair Value 101 course he though he knew what it meant but now he's not so sure. I think that was a little tongue in cheek though.

It simply points out how important it is to clearly define terms when we use them so people know what it is we are intending to say. Russ will be teaching all about that at the Academy.