12-18-2014, 08:04 AM
" I've never seen such idiocy in my entire life"
I have. Or at least have seen fledgling companies, one after another, get hammered by The New Wall Street. If I have any personal concern it is that too many people throw in the towel too soon and the company gets taken over for a song from private venture capitalists who subsequently make a killing. If I have a general concern it is that the market is no longer a place to raise capital to support great ideas or great products.
Yeah, there are a few companies that have made it BIG, but when you look at their share price histories long term shareholders have needed to carry balls the size of watermelons to enjoy the big profits in the end.
I have. Or at least have seen fledgling companies, one after another, get hammered by The New Wall Street. If I have any personal concern it is that too many people throw in the towel too soon and the company gets taken over for a song from private venture capitalists who subsequently make a killing. If I have a general concern it is that the market is no longer a place to raise capital to support great ideas or great products.
Yeah, there are a few companies that have made it BIG, but when you look at their share price histories long term shareholders have needed to carry balls the size of watermelons to enjoy the big profits in the end.