During dinner last night a friend pointed out that my last post had noted that the Facebook IPO currently under way was valued at about $75 million. Well, make that $75 BILLION with a B.
Rather than just edit the one word, I figured a new post would underscore a point about millions and billions. Most people just don't think in terms of billions of dollars. I mean, to the average John and Jane Q. Public, what's the difference--three zeros. How many of them would ever have to worry about whether their portfolio is ever going to reach the billion dollar mark.
But it also shows that the numbers that are being generated by Wall Street far outpace those of Main Street. And that is no mistake.
MH.
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