First of all, I have no idea what I am really doing and I live on Coronado, the greatest place in America, maybe the world. I am surrounded by war ships and Navy seals.
Second, the biggest building on my island is a Bank Of America $BAC. The only part of the building they need…The ATM (it’s outside you idiots).
The second biggest building is a Petsmart. It’s been closed for two years and my dog Bagel just pees on it.
Third and maybe most important, Biz Stone from Twitter $TWIT is pitching Vodka and If I don’t pay the Wall Street Journal I can’t read the whole article.
Right now, if I asked the loan holder on my home in Phoenix ( thank god it’s $BAC ) to prove they have the title and paper, they would pee in their pants. I pay because I don’t want to perpetuate chaos. I pay because I have an agreement and I guess because I can.
Right now, a 26 year old Goldman Banker in Thailand, is just making up company names and doing IPO’s. I think their markets were up 9 percent LAST WEEK.
Enjoy the upside.
The door can shut as fast as it opened.
If you have a bad business or just an idea, you better raise money right now. It does not get much better. It is hard to believe I am writing this just two years after the biggest panic since 1929.
If you have a good or great business, you raise money now too whether you need it or not, because the door could shut any time. Don’t let all the shitty businesses take you down with them.
The insanity to the upside could continue for a while, but you should never forget to protect the ball.