Here is something for the M&A fans in our class…
You gotta feel sorry for Mark Sue of RBC Capital. The same day he comes out with a note basically saying the Redback is going nowhere and investors should sell their stock and take a little profit, Ericsson announces that they are acquiring Redback at a whopping 60% premium. Those poor sods who listened to Sue missed out on all the $$$ goodies.
I’ve read Sue’s notes and I even met him once at an event, he’s a really smart guy and I think this is just terrible luck for him. What made it even worse was in his note he sized up potential suitors for Redback and didn’t even mention Ericsson… ouch!
This all reminds me of Tetlock’s study into how accurate experts are. You could spend all your time looking at a market and then miss what is in hindsight an obvious deal.
Anyway, I don’t know if this is the right forum for these sorta posts, but I thought I would give it a try.
Wednesday, December 20, 2006
Wednesday, December 13, 2006
Buying Books -- Cheap or 1st Edition Hardback...
Everyone knows about Amazon (www.amazon.com) as a place to buy books. They have done a good job setting up a marketplace, but books are fundamentally odd and booksellers might prefer selling on their own cooperative to amazon.
That's what www.abebooks.com is -- I find a significantly better selection and better prices on AbeBooks -- and also your order is going to some local bookseller.
From www.abebooks.com:
AbeBooks, the world’s largest online marketplace for books, lists over 100 million new, used, rare, and out-of-print books from more than 13,500 booksellers. This great selection delivers value for all: readers find bestsellers, collectors find rare books, students find textbooks, and treasure hunters find books they’ve been seeking forever.
As you go look to buy books. please don't just Amazon & buy a new book -- go buy it from some great quirky used bookstore for 25% of the list price -- you'll save money and probably support a fun quirky store somewhere in the world.
-MZ
That's what www.abebooks.com is -- I find a significantly better selection and better prices on AbeBooks -- and also your order is going to some local bookseller.
From www.abebooks.com:
AbeBooks, the world’s largest online marketplace for books, lists over 100 million new, used, rare, and out-of-print books from more than 13,500 booksellers. This great selection delivers value for all: readers find bestsellers, collectors find rare books, students find textbooks, and treasure hunters find books they’ve been seeking forever.
As you go look to buy books. please don't just Amazon & buy a new book -- go buy it from some great quirky used bookstore for 25% of the list price -- you'll save money and probably support a fun quirky store somewhere in the world.
-MZ
Recommendations
Post book titles, author, and recommendation source (classmate, guest speaker, etc.) as well as other areas of interest.
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