We Didn’t Know What we Had…Stock Market Edition

Fred Wilson has an awesome post up about his investment in TheStreet.com ($TST) and his random encounter with Jim Cramer after many years.

I have gotten such great mentorship from Fred and also Brad Feld who were the first incredible investors I met on the web starting in 2006.

Brad is tireless in his travelling the world these days getting start-up communities going with a ‘Give Before You Get‘ mantra.

I believe the same thing exists for global stock markets. As I tell anyone that will listen on Stocktwits …’A Boom is a terrible thing to Waste!’

The older generation of investors has had their booms and busts. The financial business has been about get paid (upfront) for ANY advice you give. The fees have dropped, but the focus has always been on scale. Now with the social web, the model will be turned upside down. The ‘Give before you Get’ will work going forward because the small can frontrun the large. If you follow me, you have hopefully been seeing this for years. If you are 16 and not engaged in the awesomeness of global markets, it is my/our opportunity to make sure it happens. The new generation has all these wonderful datasets, iPads and a playing field littered with Walmart sized sloppy ETF’s and Funds that are primed to be disrupted by smaller/agile groups of investors and thinkers.

It’s hard to believe with Tesla, Apple, Linkedin and Google thumping away, the wealthiest man in the world in Mexico, the next wealthiest in Spain (probably unemployed to boot), the largest eyewear maker in Italy ($LUX) that people are bearish. They are. More than ever. That’s because they have aged. Old people are mostly grumpy. They watch TV. In London, as I shot back and forth to the area of town that Google has their new campus and the Hoxton Hotel Lobby where the start-up energy was electric. The black cabbies still equate the neighborhood with Jack The Ripper. Booyah!

My pal Peter Cardasis an original partner in a huge global trading firm called GlenCorp has been catching my bug over many hours on the golf course the past few months. He has seen pretty much everything. He jokes with me that this boom is no different than the junior mining booms he has seen come and go. I will give him that one. I like to say our holes our cheaper to dig so the public gets fleeced a little less.

On CNBC or FOX business right now, some asshat dude in a suit working for an asshat government agency is saying Twitter must be stopped as it relates to markets. It is comedy and it is bullish stuff.

That said, don’t chase!

5 comments

  1. William Mougayar says:

    There is incredible innovation happening in North America right now, and that’s where the future is going to be based on.

    But the market bullishness is scaring me a bit.

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