Facebook Buyers Deserve To Lose
I received more questions from readers and friends about the (previously) pending Facebook IPO than any other investment topic…ever.
A disconcerting number of people wanted to know whether I was interested in buying shares, and whether they should be adding Facebook to their portfolios.
At parties, at work, and via email, I answered the same questions with–I’ll admit–a bit of frustration. The odds were against Facebook stock doing well; it was something I thought everyone should know.
But the number of queries I kept getting convinced me to teach this lesson to a broader audience. So I wrote this for Canadian Business.
I hope it prevents you from ever considering investing in IPOs.