New York is Dead

Discussion in 'Wall St. News' started by sammybea, Nov 11, 2008.

  1. #61     Nov 12, 2008

  2. try asking a billionaire for funding after meeting you at your office at the local YMCA.

    surf:D
     
    #62     Nov 12, 2008

  3. I'll treat you to a 14.95 burger at surf fest 2008.

    your eyes will be opened and you shall understand........

    :D :D
     
    #63     Nov 12, 2008
  4. I didn't think it would have to be one extreme or the other. And I think that most billionaires would be more concerned with performance than silk Chinese rugs. (I'm just guessing since I never met one.) Make no mistake, I would gladly work in an office at such a locale -- at someone else's expense. Are you the guy paying the rent or is someone else footing the bill?
     
    #64     Nov 12, 2008
  5. It's more being centrally located, easy to access, well known location and at a place that at one time or another almost every ultra wealthy person visits yearly, thus can easily make time to see you, when in the area for pleasure or business.... try that in pittsburgh PA !

    and yes, strategy, performance , edge and access are the most important factors

    it makes good business sense. nothing to do with silk rugs or basquiat paintings....


    surf
     
    #65     Nov 12, 2008
  6. Mecro

    Mecro

    I'm pretty sure he does not trade, as judged by his calls and his own posts stating that he has been out of the trading game for a while.

    But he does raise money, I do know that.
     
    #66     Nov 12, 2008
  7. That's very kind of you. Really. But I don't eat hamburgers at restaurants. I like beef and I often like it ground. However, several years ago I used to buy the best, extra lean grade at supermarkets. And I occasionally saw colors in there that just didn't belong. I could only imagine what that ground stuff must have once been. As a result, I started buying choice cuts and had them ground for me. And while I suspect that the finer eateries probably don't have eyes or ears or hooves ground into in their burgers, I prefer to play it safe. :)

    (Have you tried the ENT burger? :D )
     
    #67     Nov 12, 2008
  8. May I ask which (or whose) funds and how they have been performing?
     
    #68     Nov 12, 2008

  9. Sorry, I can't get into details on a public board.

    Suffice to say, one is up over 50% this year.

    surf
     
    #69     Nov 12, 2008
  10. Mecro

    Mecro

    Crobar is doing ok because their business model was not built on bottle service, like clubs which opened the last 2-3 years. But you can bet your ass they are not doing as well as they did last year. And you never really know anyway, not like you are doing their books.

    I don't know who is saying there is not a lot of money in NYC, that's silly. But there is a lot less than you think. Don't need me to tell you that, just ask Bloomberg. Or take note of a number of hot shot developers who all of the sudden can't do a simple project without bank financing. Cause they don't really have any money.

    There is a lot more to NYC's economy than one club's attendance.
     
    #70     Nov 12, 2008