Greed is right, greed works… Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much. — Michael Douglas in the character of Gordon Gekko, in Wall Street c
Gordon Gekko was meant to be a villain, but he became a plutocratic folk hero. There has been greed enough in the last thirty-seven years, surely, to have transformed the USA into a positive utopia according to the Gekko formula, with prosperity for all. [...]
"2013 may be the year San Francisco turned on Silicon Valley and may be the year the world did too."
When I asked him whether he regretted going public—whether he thought he could have accomplished more without the market pressure—he became incensed. "I feel like the only reason you could be asking me that question is because you think I’m stupid or because you’re trying to see if I’m going to lie to you."
—Say what you will about fired Groupon (current share price: 4.53) CEO Andrew Mason—he's a slob, he made terrible choices, his company was pretty close to being a scam for desperate businesses of the recession era—but at least he always makes sure to give a entertainingly terrible interview. I do look forward to [...]
David Ebersman, Facebook's CFO, and the man who planned its wealth-annihilating IPO, "recently came to New York to meet with big investors, including hedge funds and institutional investors. Some invitations for meetings were oddly, and somewhat imperiously, sent out on Thursday night for meetings on Friday. Given that it was summer, some investors sent their junior analysts." Oh honey. Okay, Palo Alto nerds, Labor Day has passed. We are now largely returned to our offices, although really you shouldn't try to schedule a Friday meeting until October, because the ocean is still warm and no one's really closed down the summer house yet. Good grief, we live in [...]
Everybody's spending his Facebook IPO money before it's converted to cash! The Bay Area is going to hell in an Hermes handbasket! Real estate agent Jeff Appenrodt said a client of his recently was among 51 bidders on a three-bedroom, one-bath Edwardian-style home built in 1903 that was showing its age. The client, a tech entrepreneur, made an all-cash offer 50% over the $849,000 asking price — and got thumped. The house sold for $1.4 million to a rival bidder.
Here's your other damning quote, from a real-estate-broker-to-the-rich: "Everyone feels confident again." Muh ha ha, you know what that means. (Comeuppance.)