When someone asks "what you do for a living" what do you answer!

[northcascades]

I run a trading desk.

 

[chasinfla]

Originally posted by musicman
Actually your Doctor seems like he is a CPA .

Certified Public Asshole.

didn't try to suppress the laughter.

 

[chasinfla]

Originally posted by Rigel
The IPO, the loan you never need to repay. Free money.

It's a Faustian bargain.

 

[SilverBullet]

Yeah its potentially free money....but if someone offered you a lot of free $ as opposed to a little, which is better?

 

[darkhorse]

The free money from idiots window has been slammed shut. The original idea behind an IPO was to provide seed capital for a solid growing company, not to cash out a VC con job. With the return of common sense it will be that way once again. Financing legitimate ideas is kind of the whole point of wall street actually…

 

[chasinfla]

I have to recommend James Grant's "The Trouble with Prosperity." He discusses the need for contraction to liquidate overcapacity -- and the problems that happen when the inevitable is postponed. A simple liquidation cycle becomes a monster that threatens the stability of civilization if fed by a manic bull market (my conclusion, not his). Anything by Grant is worth the read, though.

 

[TickerWatcher]

Keep it simple and tell them your self employed.