3 ms·
https://www.google.com/amp/s/www.architecturendesign.net/inside-a-new-york-mansion-frozen-in-time-after-it-was-abandoned-in-the-1970s/amp/ https://www.google.co
by lumost 6y ago
https://www.google.com/amp/s/www.architecturendesign.net/inside-a-new-york-mansion-frozen-in-time-after-it-was-abandoned-in-the-1970s/amp/ https://www.google.com/amp/s/www.architecturendesign.net/ins...
The market can only price accurately if all participants are rational or at the very least are on average rational.
As the effective number of participants falls and the need for those participants to make rational economic decisions falls, were likely to see more weworks, theranos, and nikolas.
Wait until we see someone buy multiple city blocks of Manhattan for conversion into a private yard.
- jariel 6y agoWeWork and Theranos were priced badly in private markets, which is a completely different kind of fraud/misleading than after the IPO, when it's a matter of public communications. Before IPO, I think almost every fraud is unique, even if they have common themes ... but after IPO I think it's more similar to just hype-man using PR and media to keep retail investors avoiding the reality of the balance sheet.
- Cactus2018 6y agoWould love to see photos of the indoor tennis court in its prime. I'm surprised property taxes never caught up with that mansion!?
- muststopmyths 6y ago>Would love to see photos of the indoor tennis court in its prime. OTOH you couldn't pay me to spend a night in the same room with that creepy doll !