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July 04, 2008

bookofjoe misses golden opportunity for IPO

0628bizventure

Look at the graphic above, published on June 28, 2008 on the front page of the New York Times Business section to illustrate Matt Richtel's article.

What do you see?

Not much when it comes to IPOs during the just-concluded second quarter of this year — because there weren't any.

Not a single one.

Why the heck didn't I act on the knowledge that when the herd goes in one direction — or, in this case, doesn't — that's precisely when Bizarro World types like me strike?

My IPO should've come out last month, thereby securing my place in the pantheon of counterintuitives.

I mean, the smart money's staying in investors' pockets right now, which means the only people who would've subscribed to my initial offering... well, I don't want to be harsh, considering some might even be among my readers, but gang....

My new saying: When the going gets tough, the weird do an IPO.

Catchy, what?

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Comments

Simple (well, not so simple) economic cycles at play here. To keep it fun, a blast from the past: http://www.youtube.com/watch?v=MWg3b15ITS8

Posted by: DefinatelyCreativeEnough | Jul 4, 2008 11:57:52 PM

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