Non Sequitur by Wiley Miller for June 05, 2012

Standing on the corner at Greed and Avarice.

When I see what happens every time there’s one of these big IPOs I am reminded of P.T.Barnum for some reason.

Facebook anyone?

Give us your tired, your poor, your huddled masses yearning to…….make a killing in the stock market!

IPO’s. For the people with a yearning to be parted from their money.

facebroke

IPO = Idiots Pretending Ownership?

International Panhandlers Organization

Stand aside, Zuckerberg

so is methanal

As I understand it, the story is true, and it happened a couple of generations ago. The authorities wanted to prosecute the enterprising fellow, but they couldn’t think of anything to charge him with — he wasn’t committing fraud, after all; he promised nothing in return.

And the strange part is: The IPO is the most honest part of the whole system. At least during the IPO people are really putting money into the company (or, rather, the hands of the people running the company). During the many years and decades afterwards, people who buy and sell the stock are buying and selling pieces of paper, like baseball cards, that have little real connection to the company on a day-to-day basis.

Facebook stock dropped in price since the IPO. Does that mean Facebook lost value? Or, rather, that the people who bought at the IPO paid more than other people thought it was worth? Facebook is doing exactly the same thing for exactly the same user value that it was doing before; they didn’t change, so if the stock price changed it says more about the buyers and sellers than about the stock.

I got the idea the Facebook IPO was successful — that is, the people who owned the company and made it a success, made money, while the “entitled parasites” who infest Wall Street did not.

And so the parasites are whining, since they were prevented from making money off someone else’s work. I don’t feel sorry for them at all.

IPO: “I Pulled Out”

Of such simples ideas are fortunes created.

The opposite of the ingress!

I think Bum.com is taken.

Panhandling licenses are meant for people who work (musicians, mimes, performing artists) to earn their money; not every county or state has such a law but many do. But a loophole in the laws don’t limit their methods. So folks act the part of the needy and rake in truly obscene amounts of money from the charitable. Some of them make more in a year than doctors!

I’m Pissed Off = IPO

Is the guy with his back to the artist Greenspan??

Then he was probably referring to lollipops. The actual quote is “There’s one born every minute”, and it’s attributed to showman/charlatan/circus founder Phineas T. Barnum. http://en.wikipedia.org/wiki/P.T.Barnum

XD