How many of these green ventures and tech headliners will ever earn a fraction of their speculative market cap? I know one guy who has been a guest of the federal prison system, invited by the SEC, who once said that a stock company is the closest thing you can ever have to a printing press for money in the basement.
a stock company is the closest thing you can ever have to a printing press for money in the basement.
Once the easy cash flow stops, things change.
CASH FLOW AFFECTS MGT MORE THAN MGT AFFECTS CASHFLOW.
If I win the lottery tomorrow I start making stupid decisions. If I lose my job tomorrow, I make better decisions.