Paul Kedrosky's Infectious Greed
Finance & The Money Culture
Some random LinkedIn lessons now that the IPO is done, and it’s traded up 140 percent and… [cont.]
[Full post at my Bloomberg blog]
Evidently there was plenty of money on the sidelines waiting to invest in something. It disturbs me deeply that the holders of capital in this country think that a social networking and recruiting website is the future of the economy. If they're right, we're all completely screwed. At best, services such as this may have a mild effect on innovation by putting the right people in the right places, but I can't help but wonder if we'd be better off allocating capital to companies that actually produce (and export) tangible goods.
Paul Kedrosky‘s Infectious Greed
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