>>>
Let’s play “Would You Rather.” Would you rather invest in the latest high-growth tech IPO or in a long-established firm with a decent amount of debt whose best days are behind it? Human experience tells us that retirees have shorter life expectancies than teenagers. This intuition might lead investors to be more worried about the risk of permanent capital loss in old, indebted businesses than young, high-growth new issues.
But is this correct? Are investors more likely to lose money betting on an aging company that owes the banks money or in today’s bell-ringing darlings of Wall Street? We decided to run the numbers and see.
Our conclusion is that, by far, we believe the easiest way to lose nearly all of your money is IPOs,
>>>
I coulda told ya that.
Why do you think I invest in those 'stodgy old' companies.
Really now. It is pretty easy to hype an IPO . . . Con
the rubes into buying into it . . . shovel the money into
your pockets and walk away from the carnage.
But those hoary old companies . . . Been paying out dividends
for decades. Frequently increasing the dividends. Yeah, I
won't get rich quick . . . But I won't die poor.
Zim.
Mad Poet Strikes Again.
| 
