[lbo-talk] succinct

[shag carpet bomb]

commenting on the Facebook IPO, Mason notes that Facebook doesn't need to 
go public; it's doing so to keep promises to VCs and employees.

"the function of the stock market in modern capitalism is to get money out 
of corporations, not put money into them. The social problem they are 
solving is not society's need to allocate scarce savings to the most 
promising investments, but wealth-owners desire to free their fortunes from 
particular firm or industry and keep them as claims on the social product 
as a whole."

--
http://cleandraws.com
Wear Clean Draws
('coz there's 5 million ways to kill a CEO)