Josh Brown
π€ SpeakerAppearances Over Time
Podcast Appearances
Not that I'm saying like these are all high quality or there aren't issues with these.
Those were people would people would bought would would go to VeriSign and buy a URL.
and call Goldman Sachs and start working on IPO paperwork.
Like it was literally like, we just, we launched a website.
You also had existing companies build a tracking stock for the online part of their business and IPO that.
So like a really funny example, Donaldson, Lufkin, Genret, DLJ, sort of like a smaller version of Goldman Sachs, but it was a big deal.
25, 30 years ago, um, they had an online brokerage website, barely any customers.
They call the DLJ direct.
They IPO it like you could do that just for fun, just, just because it would be like a way to raise equity capital to build your, um, to build your website.
So we just, we just had, I don't know, a thousand IPOs and most of them were kind of a joke.
We had some good ones, but most of them were a joke.
Exactly what you just said is what I have in the back of my head.
It's too obvious.
It's too easy.
How could it be so obvious that the biggest IPO of all time coming public via the biggest showman of all time who will literally say anything and every major investor is already looking for the exit?
They've been in this stock forever.
Like how could this β
How could it be so obvious?
Of course it won't be the top.
Yeah.