Beware of hyping hype itself

Tim Mullaney

Calvin Coolidge, or so legend says, told a friend once that when he saw 10 problems coming down the road he didn't worry -- eight were sure to run into a ditch before getting to him. The same is true of the IPO market: At every filing of a speculative IPO, someone's sure to do a story about speculative excess coming back. I've kinda, sorta done it myself. But we're always wrong.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.