The Internet is a force majeure. Traditional analysis of value doesn't work. This is a
very, very difficult thing for anyone over the age of 30 to understand. (Most people
under 30 don't really understand the way equities are "supposed" to be valued, so they
don't count. They just buy the dang stock.)
I'm 31. Where do I fit in? On the freaken edge as usual.
I know how stocks are supposed to be valued..AND I understand the Valuations of the internet stocks...
Let me explain it for you in simple terms.
95 out of 100 people are very stupid.
They are so stupid that they actually think they are smart.
They all gather at coffee shops to explain to each other just how smart they are as they spend $20 a day, every day drinking something they could make at home for 19 cents..
(Latest stupid person "Why I am a genius" convo I listened in on......I just got a 9% per annum visa and paid off my 15% perannum visa so I'm saavin 6%..that's money in the bank)
now...of the remaining 5 people..
4 of them spend their time working the other 95 into little schemes (jobs, investments, etc)
Now, they're smart, but they don't spend time patting themselves on the back at coffee shops or country clubs like the 95...
Yep they're smart, but...not quite fully evolved..yet.
Why...
Because they still all work for the one remaining guy..
the one guy, who doesn't bother to sit down and even try to explain what is really going on to the 95..
He may occasionally get into valuable discussion with the 4, and secretly pines for the company of other "1" people....
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anyway back to the inut valuations...
The "1"s started the companies, and are run by mostly "4"s, then the "95"s fall all over each other like rabbits in a hole being flooded, trying to buy the stock "to the moon"
Meanwhile the "1"s sit in their dens waving their arms like a miestro to an opera as Sir Anthony Hopkins did in Silence of the lambs
ARE THE LAMBS STILL SCREAMING, CLARICE!
The valuations are a musical chair game, and the "1"s have their hands on the record needle (remember those)
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inspiration for this post came from a recent 12 hour stay in the Vancouver airport when my flight was cancelled twice. 13 times complete strangers felt compelled to speak to me and say "raining enough for you?" The last time I said, "yes, it keeps my Seretonin levels down"...Then Goober says to his friend, what's Seretonin, and friend says (and I'm not making this up) isn't that the stuff that men have that makes sperm....
12 hours of that kind of stuff
So..
How are you...
I'm #1 |
