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So, Facebook finally went public last Friday, launching at $38 per share. It was big news, and it still is, but for a different reason. Seems that facebooks major underwriters, Morgan Stanley, Goldman Sachs, JP Morgan and Bank of America reduced their earnings outlooks for Facebook to "strikingly similar levels ahead of the IPO". In other words, they (allegedly... wink, wink, nod, nod) all received privileged information about Facebook's financials so that they could avoid losing a lot of money with the IPO launch. In laymen's terms, it was insider trading... the same thing that landed Martha Stewart in jail. Is anyone surprised that these four particular banks may have dabbled in some not- so- savory negotiations? Well, sh*t, I hope not, but it's still annoying because the 'regular' folks who bought, sold or traded Facebook stock got duped about it's actual worth. Obviously there is a clear advantage to being the first to know, but then again, it can come back to bite you in the ass. Depends entirely on what it is you find out, and that is today's question: FOR BETTER OR WORSE, WHAT DID YOU KNOW BEFORE ANYONE ELSE?
Got married at 25... first among his friends to discover there is no sex after marriage
First to know what Safeco would look like... construction workers let him check it out before it was completed
Both parents bad mouth each other to him... knew they were gonna divorce before they did
Worked in mortgage processing years ago in LA and saw the housing market implosion coming... he acted accordingly and avoided losing his shirt (unlike me)
Knew he was gonna marry his current wife by their third date... he met her when he was 21 and they've been married for the last 20 years
Knew that his "buddy's kid" wasn't his buddy's kid... he used a basic mathematical equation that I recommend EVERY guy learn; if your girl gives birth to a kid 9 months after you "took a break" from each other, IT'S NOT YOUR F**KING KID!!! Jesus... we hear this same story over, and over, and over.
In a very odd twist of fate, he met his wife's biological father before SHE did... actually used to camp with the guy and everything, but had no idea at the time
There was more, but some of the stories were weird or, frankly, not anything I'd wanna repeat... meaning tight.
Until tomorrow, lick it, stick it and STAY BEAUTIFUL!"