That said, the fact that citigroup posted profits the other day is an obscene example of how sick the financial system is. arnt they on the verge of break up?? Hahah, that would be like me buying my girlfriend a ring right before we break up! Ouch.... lucky no one reads this blog! Hahah!
More on the stock market: Anyone who thinks USA stocks are a long term investment is ... stoopid. These days a company is only as good as its founders will to rule the world. Oh ya and watch out for China. They will rule the world (again) soon enough. Lucky i love dim sum. That said, there is no reason to believe a company that comes out with the killer ap today will still be around in 20 years. Does anyone remember Corell?? They invented the spread sheet. And now... ask anyone younger than me and they will have never heard of it. Think Google will be around in 50 years?? Maybe, maybe not. Facebook is already sending more traffic to some sites than Google is http://adage.com/digital/article?article_id=135112. Think Facebook will be around in 50 years! Hahah good lord I hope not.
You read it here first: The life of a company will become shorter and shorter as we drive into the future. There is no such thing as a blue chip anymore. If you are going to buy stocks, get them at the IPO, hold them for a couple years and then sell them to the hopeless schmuck who still believes he can get rich working for someone else. Hiring execs to run companies forever just doesnt work anymore. Everyone is out for themselves these days. Everyone wants to be a rock star. You put someone else at the helm of your company they will milk all the cash they can out of it then watch it die from their estate in ... where ever. Is anyone paying attention to the financial crisis??
Dugan Selkirk
President
Fife Business Development Services
www.DestinationBillion.com
www.AmericanEducationAffiliates.com
No comments:
Post a Comment