(For those who say I just don’t get it… get this)
The day I wrote the following headline I was accosted by the Silicon Valley Aficionado set and its willing accomplices within the sycophantic mainstream business/financial media for “not having any clue.” To wit:
Of course, this was just one in a long stretch of warnings I’ve been calling out about the entirety of the IPO market (and Uber™ in particular) well before anyone.
Below is the ever unfolding result, again, to wit:
For those that don’t understand the “Thelma and Louise” reference, it’s the final scene of the movie of the same name. Below is that scene.
At the rate this once pre-IPO whispered $120 BILLION (don’t laugh, that’s true) marvel of business prowess finally resolves itself. It might make the above movie scene appear trivial, because after all, the above was only a movie. The chart shows what’s happening in the real world to possible Pension Funds, 401K’s, workers living on noodles that were hoping to cash out “bigly” with stock options and bag-holders everywhere that were probably told/sold…
“You need to get in on this ‘growth’ opportunity. You know, to protect your retirement from inflation!”
But then again…
What do I know.
© 2019 Mark St.Cyr
Footnote: These “FTWSIJDGIGT” articles came into being when many of the topics I had opined on over the years were being openly criticized for “having no clue.” Yet, over the years, these insights came back around showing maybe I knew a little bit more than some were giving me credit for. It was my way of tongue-in-cheek as to not use the old “I told you so” analogy. I’m saying this purely for the benefit of those who may be new, or reading here for the first time. I never wanted or want to seem like I’m doing the “Nah, nah, nah, nah, nah” type of response to my detractors. I’d rather let the chips fall -good or bad- and let readers decide the credibility of either side. Occasionally however, there are and have been times they do need to be pointed out, which is why these now have taken on a life of their own. (i.e., something of significance per se that may have a direct impact on one’s business etc., etc.) And readers, colleagues, and others have requested their continuance.