This is well said....
Here's the thing, a stock market is a public vehicle and as such is driven by mass human psychology.
Greed and fear.
Going long and going short.
Making money up and making money down.
No matter which way you go, there's an equilibrium of balance, or so the thinking goes.
Forthose that are long, specifically on things social media, theyare working with a trend whereby any mass market product able tocapture substantive eyeballs and encourage user engagement becomes awinning play in the public markets.
Look at LinkedIn that recently went public.
The share price enjoyed a vertical spike as the public embraced a perceived social media darling.
Don't even try to do the math.
Social media is what it is.
It is not a question of fundamentals but rather rundamentals.
Rundamentals, you say?
Indeed, the value of social media runs on metrics that are alien to Buffetology enthusiasts.
Aforward value is placed on collective eyeballs and POTENTIALrevenue generation via advertising and targeted sales and marketing.
It is the aggregation and monetization of a wave of critical mass utilizing the tools of online communication.
What does all this fancy talk really mean?
Ina summary fashion, it means you can stand on a beach and watchthesocial media wave or you can choose to engage and break outyoursurfboard and ride the wave.
Even simpler put, go with the flow.
Facebook, Twitter, Zynga, Groupon, ORTSBO et al.
The wave cometh..
Surf's up.
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