When “Hot IPOs” Turn Ice-Cold
A few weeks ago, I published an essay titled, Klarna: Sorry, But I Told You So.
In the essay, I walked you through Klarna’s IPO, explained why investors were salivating over it — then showed how investors got punched in the mouth when the stock fell off a cliff.
Don’t get caught paying too high a price for your investments! This is a problem for stocks, and it’s a problem for startup investments, too. If you overpay, you’ll never make the kinds of profits that could potentially change your life. So today, I’ll reveal one of the most important rules… Oh, man. Now things are getting interesting. Banking giant Morgan Stanley just dropped an estimated $1 billion to change the game. Not to be outdone, leading broker Charles Schwab ponied up $660 million. So today I’ll explain: A few decades ago, going public was the American dream. Visionary founders like Bill Gates built great companies, rang the bell on Wall Street, got rich — and then handed everyday investors a shot at owning the next big thing. In 1965, a college kid named Fred turned in a paper for his economics class. His idea was simple: as the American economy modernized, it would need a dedicated air-based delivery network capable of moving packages overnight. His professor wasn’t impressed. After all, shipping companies already moved freight by truck… Let me ask you a question. Why would a 150-year-old Wall Street bank — one that makes its bread and butter taking companies public — buy a venture capital firm that focuses on private startups? It’s a head-scratcher. But it just happened. Last week, Goldman Sachs, the most powerful name… Not so long ago, the best way to build wealth in America was simple. As classic investment books like Stocks for the Long Run explained, we should buy shares of great public companies and hold onto them for the long run. The Paris Air Show is the world's largest and oldest trade show for aerospace. This year’s show featured more than 2,400 exhibitors from nearly 50 countries. But this year’s event featured a surprising new star: drones. While airlines… A few weeks ago, I warned you to NOT invest in Klarna’s IPO. At the time, Klarna — the Swedish “buy now, pay later” fintech giant — was getting ready to go public. It was one of the most hyped IPOs of the year. Bloomberg just revealed a striking new trend: Over the last decade, America’s largest pension funds have more than doubled their exposure to private equity. These are some of the most sophisticated investors in the world. Their job is to manage billions or even trillions of dollars for teachers, firefighters, and…My #1 Rule to Lock in 10x Startup Gains
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Klarna: Sorry, But I Told You So…
America’s smartest investors are changing their strategy… You should, too
