Glad I Didn’t Do It

Some times being a conservative investor really pays off (my investing conservatism is analogous to Jesse Helms in politics).  As I wrote last month I was invited, along with a few hundred thousan other customers, to invest in Vonage at a bargain $17/share when the company went public.  I decided not to invest and man am I glad.  The Vonage offering has been one of the biggest busts in recent memory and now the company’s pre-public investors are suing the company over the whole fiasco.  Now as long as my mattress doesn’t burn I’ll look pretty smart.


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