00:00:00
IPOs have kind of become the last stop
00:00:02
on the pump and dump train and they
00:00:04
purposfully minimize the float restrict
00:00:06
the float to create a sense of
00:00:07
artificial scarcity institutional and
00:00:09
Wealthy investors have figured out a way
00:00:11
to crowd Capital into the part of the
00:00:13
market that grows the private markets
00:00:15
where they can get liquidity and then
00:00:17
basically the public markets are simply
00:00:19
becoming a Dumping Ground where these
00:00:21
people can fling their unicorn fees of
00:00:23
Tours to the unicorn zoo it's no longer
00:00:25
a public good H unicorn feces is that
00:00:29
glittery rainbow feces so don't be
00:00:31
buying into these things what's the move
00:00:33
for investor buy index funds from
00:00:35
Vanguard and stop pretending that you
00:00:37
have any insight that you can beat the
00:00:39
market with your stock picks bu ETFs and
00:00:41
index funds for lowc cost low fees the
00:00:43
alternative Investments and the whole
00:00:45
IPO H jazz hansing is basically to
00:00:47
provide liquidity to the private guys
00:00:50
and do not buy when someone makes a deal
00:00:52
with jaizelle bunin that's my
00:00:56
feeling
