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-- FaceBook fever everybody's got to but is it hot enough for everyone to invest in it personal finance expert Dave Ramsey.
Things you could get -- always rains on every -- everyone's excited everyone's happy that they of those there's old -- -- it spoke.
Aren't -- good to have you my friend.
Acumen and I I'm excited when you make money -- excited when you lose money and hands on -- is -- this is a rush to it Tibet.
Well have -- -- Ellison first let me say how much huge FaceBook -- I got a million followers on my FaceBook page so you look really.
It's a great capsule is a great product we problem we think they're -- That's not the point the point is single stock investments are risky.
Initial public offerings are very risky.
Add to that.
The fact -- the public has gone bananas about this and you've got a bunch of investors that have no idea what they're doing.
There is buying this because it's FaceBook they don't they have an ever done a ratio analysis I've never looked at the stock they don't have any clue what they're doing -- is buying it so they can tell somebody at lunch they bought it.
They're gonna drive the -- up through the roof.
It's an appropriate time.
-- analysis I was they'll always tell folks that if you like -- good enough I mean you Jews alike to Peter Lynch analogy where.
If it looks like it's busy in a parking on whatever not the face yeah does that then you know used equity about so they might get on the high but they -- if it is it's a valid.
And viable entity going forward even if they're paying -- rich price now.
It will -- later Google's a good example apple I guess is a good example of that.
Is this company that.
Well the question is is is -- IPO investment a good idea for someone watching you and I talk right now no.
Is a hyped up very public crazy.
No it's just too much risk if you wanna buy FaceBook cause it's a great company and I think it is great company.
Well let's let's watch the thing a year and then put in your portfolio if you're single stock trader.
I suspect a lot of mutual funds that I own will eventually -- FaceBook I'll bet you almost none of them are buying at this week.
But what happens to these -- it takes a lot to stick around -- me from the last.
Internet implosion the survivors what eBay Amazon press -- you will this be a long term survivor.
Well I don't know they they are in the most volatile type of market and that's social media.
I mean twenty minutes ago Twitter wasn't any thing and now it's now your deal.
And you know you think even before that you blink and and that instead Graham and they FaceBook just bought them for a billion dollars pretty cool.
Good for sun -- I mean that's pretty neat if upset.
But you know that that this up fast moving market and you can yet yesterday's FaceBook can be tomorrow's MySpace you can become irrelevant pretty quick -- in my life now.
Todd Dave Ramsey -- always good seeing my friend thank you very much.
The Internet so.
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