It has been a great year, but one of worst investments ever in terms of laziness, greed and stupidity has slapped me in the face again – Cars Direct (INET). I have written about my dumb investment often and their recent IPO provides a fitting ending to the absurdity and waste of money. It also …
Tagged: Cars Direct
Cars direct…I Mean Internet Brands Files for IPO
Obviously I am happy that Internet Brands – formerly Cars Direct – has filed for an IPO . It is my ‘Bubble Boy’. I have an embarrassingly large/greedy amount of money invested in this pig. The deal that contributed to the final straw of the first bubble and I was a stupid..now smart? investor. I …
Internet Brands – Closer to a bubble if this can get off it's IPO
I own CarsDirect.com and my stupidity has been chronicled in past posts on that investment. Bill Gross has been trying to revive the deal by using Goldman’s money to buy a bunch of auto, travel and insurance brands. Hmmm. Either way, I wll be dilutred down to peanuts in the reincarnation of what now is …
My Dummest Investment Ever – Cars Direct
Michael Arrington wrote a piece about his Cars Direct experience and gave it a positive review. This Company needs a lot more than positive reviews to make it’s “Bubble” investors back any money. I am always attacking when I hear the blogosphere talk about a Web 2.0 Bubble. It’s like Robert Shaw comparing shark scars …