The Uber IPO
I am quoted in this NBC News article on the Uber IPO:
“It’s the speculative attraction, the excitement, similar to going to Las Vegas to gamble for a big winning,” David Kass, a professor of finance at the University of Maryland, said. “But, like Las Vegas, the odds are against you.”
“Stock will be trading the next day, the next week, the next month,” said Kass. “What’s the urgency of buying today?”
