Thursday, March 26, 2015

Quote of the day

Every time Facebook spend a billion dollars on some startup with three employees, or whenever a venture capitalist makes an investment that values some company you never heard of at tens of billions of dollars, it would be great if people simply would say:
“I don’t understand that!”

Hallelujah and Amen! 

1 comment:

George Pal said...

What in tarnation is difficult to understand about valuations in valueless US $? Is it truly puzzling that QE to infinity should fail to make any more impression on human cognition than it has on the economy? In a chimaerean world run by masters of the universe all you can do is keep your fingers crossed. But, in the long run, it doesn’t help.

 
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