"A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one."

"Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients."

Suppose... your trusted real estate agent persuaded you to sell your house for $1 million. Then, the next day, the same agent sold the same house for the new owner for $2 million. “How would you feel if your agent did that?”... That...  is what Merrill and Morgan did to LinkedIn.