We are so F##*%^*$ked...Continued

Author

Howard Lindzon
December 04, 2008

I am just having fun so stop taking this negativity so seriously people.

I am investing at an equal pace as I always have, just differently because of the global circumstances.

There is NEVER a great time to invest. Stop listening to the noise from people who have never taken risk with their own money. There is ALWAYS a need to manage your investments accordingly – sizing, liquidity, terms etc…

In today’s world. Jason CalaCANUS (I can’t believe someone way beat me to that twitter domain) can raise $30 million to barf up a website, BUT , The NYC Port Authority got no bids in a $300 million bond auction today. If you think you think that type of news marks the buying opportunity of a lifetime, please keep scarfing ‘Triple Lindy’ long Chinese index calls!

Now Jason in his infinite wisdom believes that we need to work 20 percent more to fix our problems. Wow. Genius.

I DO NOT want the homebuilder turdballs working 20 percent harder to jam shit like this down my throat (a most excellent post Stock Jockey).

The ONLY thing that will work long-term is to take the pain today. That’s not extra work, that’s extra thinking. That’s EXTRA pain. That’s extra manning up to your problems.

I want to read the blogs of grizzled veterans of pain and glory. Not newbie poofdahs. You want to know VC pain, here is Fred Wilson commenting on my last ‘We are F#$%&*^&*ked’ post:

i think 2000 to 2003 was pretty rough. i personally lost more money in a couple months than i will ever make back. i put a dozen companies through bankruptcy. fired thousands of people. perfected the cram down financing. was sued multiple times. had to call in the lawyers to investigate a public company i was on the board of. had to put out a press release saying we had found major financial misdoing in a public company i was on the audit committee of. i could go on and on. that was hardship. and i don’t think i am in for anything like that in the coming years. but i am an optimist too howard. and i’ve made my big mistakes. i am four years older than you, which is 28 years older in internet years :)

Messes are not easy to clean up. I did not hear Fred talk about bailouts. That’s why we bottomed finally. Shit got cleaned out and cleaned up, not bailed out.

Poisonous times people. Not enough clean up artists and plenty of Web 2.0 wussies.

Reply

or to participate.