Wise Startup Blog

It looks like Google’s share price pushing over the $700 mark could be the straw that broke the camel’s back in regards to this whole Bubble controversy.

Google debuted at a share price of $108 back in 2005, and when it opened at that price, a lot of my friends wanted to throw money into the pool (mind you, I was 19 at the time). They saw an opportunity, and thought they could make some quick easy money, even at this ridiculous $88 stock price …for another internet company !

So say I had bought 5 shares, probably my entire life savings at the time, right now I would be sitting with a nice fat paper gain of $3,000.

Shit, what if I had bought 15 shares, $9,000.

30 shares, $18,000.

…you get my point.

Now I’m not the only one thinking this, and also the thoughts I have now are …why didn’t I invest in Google?

I knew a lot about the Internet, and know a hell of a lot more, working at an Internet company.

There are a lot of companies going to IPO now including Alibaba,
Art.com, Zappos.com, and a myriad of others.

Are any of these going to be the next Google or possibly better?

This is the big problem that lead to the past bubble, and will lead to the next eventual bubble.

GREED

…And also stupidity, naivety and a couple other factors around this area. When you have amateur investors throwing their money into the pot, hoping to make it big, you have big problems.

So let’s hope Google’s shares tank, come down to a reasonable $300 level, and cooler heads prevail ..

Haha, yeah right.