It is hilarious as an outside observer to watch Equity Market gyrations (greed and egos clashing daily) and specifically some big name brands swing from exuberant valuations to a has been entity now showing in the obit columns in a matter of hours.
I am of course dwelling on the recent crash and burn stories like those of Solar Power business called FIRST SOLAR and a Video Content Streaming business called NETFLIX. I mean in the latter case the CEO was Fortune magazine cover boy and in the solar space our own president recently funded (days before its filing) a now bankrupt company in the bay area.
Today Netflix is being written off by many a Wall St pundit as dead - with a capital D.
First Solar in the absence of government subsidy seems to be going the same way - to hell with the sun and its source of energy - we will keep burning the burnable stuff cause its cheap.
Then there is the story of a company with ROASTERS in its name. It is a New England based coffee company that moves 10% in either direction in its daily ticker. Could this be a case of too much caffiene? This tells you that people are getting more and more schizo and its not getting better.
A D D is another by-product of the mass consumption, always on lives that the folks that consume these brands has come to signify. But that is a topic for another blog.
The moral of the story is with new tech no body knows how to value the enterprise. Forget economic models and so called independent advisors with their valuation theses. They all end up being highly paid ignormauses in cahoots with each other for their own revenue sources and the common investor tends to hold the bag. Of course the other moral of this capitalism story (often forgotten in the frenzy) has always been CAVEAT EMPTOR (not written in capitals but in fine print)!
That is the irony of this whole thing. Gordon Gecko famously said 'Greed is Good' but I am not sure he said for WHOM?
I am of course dwelling on the recent crash and burn stories like those of Solar Power business called FIRST SOLAR and a Video Content Streaming business called NETFLIX. I mean in the latter case the CEO was Fortune magazine cover boy and in the solar space our own president recently funded (days before its filing) a now bankrupt company in the bay area.
Today Netflix is being written off by many a Wall St pundit as dead - with a capital D.
First Solar in the absence of government subsidy seems to be going the same way - to hell with the sun and its source of energy - we will keep burning the burnable stuff cause its cheap.
Then there is the story of a company with ROASTERS in its name. It is a New England based coffee company that moves 10% in either direction in its daily ticker. Could this be a case of too much caffiene? This tells you that people are getting more and more schizo and its not getting better.
A D D is another by-product of the mass consumption, always on lives that the folks that consume these brands has come to signify. But that is a topic for another blog.
The moral of the story is with new tech no body knows how to value the enterprise. Forget economic models and so called independent advisors with their valuation theses. They all end up being highly paid ignormauses in cahoots with each other for their own revenue sources and the common investor tends to hold the bag. Of course the other moral of this capitalism story (often forgotten in the frenzy) has always been CAVEAT EMPTOR (not written in capitals but in fine print)!
That is the irony of this whole thing. Gordon Gecko famously said 'Greed is Good' but I am not sure he said for WHOM?
Maybe he said it (Gordon), but in fine print. And we were too busy investing in the next big stock!
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