Former ML analyst Henry Blodget, the high flyer who fell from grace, is finding his voice over at Slate. He's got a barn burner up right now on the Google IPO: If we were acting rationally, we would just decide to invest in Google (or not) after the stock started…

Former ML analyst Henry Blodget, the high flyer who fell from grace, is finding his voice over at Slate. He’s got a
barn burner up right now on the Google IPO:
If we were acting rationally, we would just decide to invest in Google (or not) after the stock started trading, when we knew what we could buy it for, rather than now, when we have to guess. Because one goal of the auction is to reduce or eliminate the first-day pop, “winning” the auction won’t likely lead to the instant bonanza that usually makes people salivate about getting IPO shares. But, then again, other forms of entertainment—dinner and a show, say, or a visit to the circus—also waste money and time, and they’re wildly popular….
…There are multiple ways we can lose the Google game, and only one way we can win. We can lose—money, time, and/or potential profits—by:
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