English

Sowing the wind, reaping the whirlwind: gieo gió gặp bão

Talk about facebook IPO: Any attempt at full-fledged valuation, where you confronted (đối mặt) the uncertainty and attempted to make estimates, was viewed as an exercise in speculation and guesswork.  I also think that this is why the conspiracy (âm mưu) theories, where Morgan Stanley fed inside information about future growth to institutional investors prior to the IPO and where the poor retail investors were the last ones to know, are misplaced. I am convinced that the growth rate and the prospects of the company were never key drivers in how this stock was priced and that if there is a story here, it is one of ineptitude and arrogance (ngạo mạn), rather than malice (ác ý).

A famous rock artist (named George Soros, he rocked the Bank of England once) once said, "Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted (bóp méo) by a misconception (quan niệm sai lầm)"