When I was in high school, there was one kid (a punker) who wore a t-shirt that said EAT THE RICH. It was obnoxious, but as I’ve grown older, I’m starting to embrace that philosophy. In any event, it’s heartening to see that as the mega-bubble reaches its ruinous end, the cracks are beginning to be seen in places like Ferrari’s IPO, which is beginning to poo all over itself.
I suspect, as the months wear on, this thing will continue to collapse. I mean, come on, people – – it’s Ferrari, for God’s sake. Do you really think this is a business model with a fantastic future?