Okay, not really, but I'm observing the Facebook stock IPO debacle with a certain amount of amusement. I'm glad I didn't buy any, I don't plan on buying any, but I wish I had the intelligence and resources to sell it short.
The whole affair actually makes me feel optimistic about the business world. Imagine if we were back in 1999 and Facebook existed and was issuing stock---It would be trading at $300 a share. Perhaps we have entered an era of sobriety and caution.
Wait, who am I kidding?
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