[quote=markmax33][quote=Allan from Fallbrook][quote=markmax33]
If the whole system is gamed at the same time equally by an exterior group of people, are the players on the playing field still not even? You seem to be missing my point. You seem to be missing the simplified example I am trying to make.[/quote]
Markmax: I NEVER said that the WHOLE system is gamed (you obviously did not read the very comment of mine you appended).
Rather, I said that the system LARGELY fulfills it’s function, but that if you create a perverse incentive structure, perverse results will follow, i.e. the tech bust and the mortgage meltdown.
You need to be more flexible and less dogmatic and doctrinaire in your thinking.[/quote]
Yes but your comment had nothing to do with my point. I was responding to your unrelated comment and you never once gave any sort of credible backup for attacking certain tech IPOs and other companies with solid fundamentals. I’m still waiting how $125/facebook user for infinite marketing isn’t going to be a massive success. If you think about location marketing potential it’s going to be even bigger. They will eventually be able to automatically negotiate the price of an item with you as you stand infront of it as you try to walk away. It’s coming, it’s going to be huge.[/quote]
Markmax: Again, and this time with feeling: THE FUNDAMENTALS DO NOT CHANGE. Stop reading the marketing fluff and dig into the due diligence. Do a financial workup wherein you compare Facebook metrics versus Google metrics (including accounting fundamentals, “acid testing”, etc) at this point in the respective company lives. Read ALL of the footnotes, annotations and marginalia. Read ALL of the disclosures. Read ALL of the waivers, disclaimers and CYA legalese.
The original tech bust is extremely instructive and even you opined that the average American should’ve known which companies would succeed and which would fail. They clearly didn’t and largely because emotion replaced reason and hype replaced performance. The Facebook IPO and underwriting guidelines are a very interesting read and one I doubt you’ve delved into, because your comments show a complete lack of depth from an investigative standpoint. Again, you’re someone who represents having an MBA, but seems to lack even the most rudimentary Accounting/Finance skills or understanding.
