Yesterday we talked a little bit about the biggest news about Facebook right now.
The Facebook IPO has dropped $9.16 since the May 18 IPO to close at $28.84 yesterday and a lot of people are losing huge sums of money.
The thing about the stock market is that there is a group of people who know all the insider information and the rest are destined to lose a lot of money quickly.
Here is what I have to say about the world of investing whether it’s stock market investing, real estate investing, etc: There is always a loser and that’s just B.S.
The phrase to me, that sums up the people who make money is, “Buy low, sell high.”
That sounds like a wonderful phrase but many people don’t see the loser attached to it. The loser is the person who paid too much or the person who sold it for too little.
So even when someone “buys low and sells high” there is always someone who got screwed out of some money and it’s not a fair game.
It really bothers me that this is what we have in society as a business motto. We shouldn’t be making money by hurting others.
How many people are now in financial hell because they bought a home a few years ago at a ridiculous price and now have to sell it for half of what they paid?
Americans should be embarrassed that this is a way to make money. I say we should change the motto to “Buy low, sell high, and screw you.” At least it would be the truth.