You could've bought a hundred shares of Yahoo back in 2004 or you could've bought a hundred shares of Google, at about the same price. Today, of course, you know which one you should have bought. (Ain't hindsight great? Hell, even Rico can make money in the stock market on shares he should have bought...)A lot of people are pissed with Jerry Yang, president of Yahoo, for turning down the Microsoft takeover bid: "The failed merger negotiations have cost Yahoo investors nearly $20 billion".
For many shareholders, the idea that Mr. Yang and his team are changing Yahoo for the better is little more than an illusion. “These guys are just drinking their own Kool-Aid,” said Mark Nelson, a co-founder of Mithras Capital, which owns about 1.7 million Yahoo shares. “They don’t get it. They don’t understand the realities of their business.”
Rico says he (lamentably) owns not a share of Yahoo, Google, or Microsoft, so he's got no dog in this hunt... (Though he's sure Kraft is tired of the Jonestown references for Kool-Aid.)
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