Left and Right
On the one hand you have the so-called left-wingers who have boiled themselves down to a situation where either you're sexist or you're racist. (Actually, if you're truly progressive you're both.)
On the other hand you have a whopper of a bear market (get it, get it, ha ha). Or should that be Bare market. Where a company that was valued at 30 bucks a share one day goes for 2 the next. When will that happen with the Cellar Door sessions, I wonder (or the Silent Way sessions or the Blackhawk shows... or the complete Seinfeld or Fraggle Rock or Bodyline or anything else on my Amazon wishlist)? It is precisely this sort of confusion that lends credence to the low grade I got in my Valuation class all those years ago. I was never the smartest guy in the room.
Even better, someone else gets to step in and buy for some 270 million bucks a gift set that includes a few thousand admittedly and evidently useless suits (no, not the orange hooded kind - those are in high demand didn't you know), but also a midtown Manhattan building worth a billion dollars. Imagine the rent they could squeeze out of that thing. Plus a guarantee of up to 30 billion, just in case those suits have any further larvae up their lining. We're not worthy; we suck!
Or, as my beloved biology teacher Mrs. T. used to say:
"Pheesiotharruppy, bete. Laft and right!"
On the other hand you have a whopper of a bear market (get it, get it, ha ha). Or should that be Bare market. Where a company that was valued at 30 bucks a share one day goes for 2 the next. When will that happen with the Cellar Door sessions, I wonder (or the Silent Way sessions or the Blackhawk shows... or the complete Seinfeld or Fraggle Rock or Bodyline or anything else on my Amazon wishlist)? It is precisely this sort of confusion that lends credence to the low grade I got in my Valuation class all those years ago. I was never the smartest guy in the room.
Even better, someone else gets to step in and buy for some 270 million bucks a gift set that includes a few thousand admittedly and evidently useless suits (no, not the orange hooded kind - those are in high demand didn't you know), but also a midtown Manhattan building worth a billion dollars. Imagine the rent they could squeeze out of that thing. Plus a guarantee of up to 30 billion, just in case those suits have any further larvae up their lining. We're not worthy; we suck!
Or, as my beloved biology teacher Mrs. T. used to say:
"Pheesiotharruppy, bete. Laft and right!"
posted by Tabula Rasa | 3/17/2008 09:33:00 PM
5 Comments:
Pipe down, sonny. Ain't nothing in the WORLD that can change the valuation of Fraggle Rock. (Though, IMHO, some Seinfeld episodes seem to be fighting that battle and losing. It happened to Monty Python too. But not to Marx Bros. Why?)
The building's been valued at $570 million and Bear has a synthetic lease on it, which means that they kinda sorta own it.
Which means the business itself is worth what - like negative $300 million or something? You gotta love these Level III "hard to price" assets.
And are the orange hooded kinds really in high demand anymore? Given the fact that apparently their carefully fine-tuned models don't seem to be working so well in a bear market.
At least the lawyers are happy. Should have gone to law school when I could.
TR,
This is off topic. Couple of times, there were some discussion on trust. I came across some old article by Amar Bhide and Howard Stevenson which may interest you if you have not seen them already.
1)"Why Be Honest if Honesty Doesn't Pay," Harvard Business Review, V 68, N 5: pp. 121-129, September-October 1990
2)"Trust, Uncertainty, and Profit," Journal of Socio-Economics, V 21, N 3: pp. 191-208, Fall 1992. Won award at the IAREP/SASE (International Association for Research in Economic Psychology/Society for the Advancement of Socio-Economics) Conference, Stockholm, June 1991.
Both need subscription. Regards,
Swarup
Too many links for a lazy man.
J.A.P.
km:
i don't know. but these pretzels are making me thirsty.
tm:
points well taken. still, expect a surge in the bear market any day.
swarup:
thanks! these leads aren't just interesting, as usual, but they just happen to be useful as well.
jap:
no worries, just click on the pretty ones.
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