Suppose... your trusted real estate agent persuaded you to sell your house for $1 million. Then, the next day, the same agent sold the same house for the new owner for $2 million. “How would you feel if your agent did that?”... That... is what Merrill and Morgan did to LinkedIn.
May 21, 2011
"A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one."
"Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients."