3 Reasons This Former Wall St. Hedgefunder Will NOT Invest in Airbnb's IPO!

Summary

Richard Fertig explains his reasons for not investing in Airbnb's IPO. He argues that the IPO serves as a liquidity event for smart money investors who have already profited from their early investments and that the potential for significant post-IPO growth is limited due to high valuations. He prefers to remain conservative and wait for a better investment opportunity, referencing the 2008 market crash as an indicator for a similar pattern.