Tag: news

Last Post on Facebook (I Promise)

(Written for a local newspaper op-ed, but rejected) More than seven thousand IPOs in the last thirty years have returned, on average, just under 18% on the first day itself. In the case of Facebook, this return was less than…

Clear-Mindedness About Goldman

I agree with Fareed Zakaria. The Goldman scandal is nothing more than an emotionally clouded, knee-jerk reaction. In other words, more motivated by politics than by a long-term, well-thought-out plan to reform finance. But, then again, what else is new?…