Last week, the mighty Starbucks
announced its quarterly results. Even with a slowing economy,
people are still buying high-priced coffee. In the past quarter, net
earnings surged from $34.7 million to $49 million....
When IPOs were trading at nosebleed valuations, everyone wanted to buy them.
The Greater Fool Theory was very much in force. Somehow, there would be
someone on the other end of the transaction willing...
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