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And it's even more true with IPOs that relate to "tech" and "IP" businesses where risk/reward is high, than to IPOs for traditional "old economy" businesses where even if they fail there will be substantial liquidation value, so the differency V notes doesn't surpise me.
The differency between private and public beaureaucrats is that you get to choose the private ones.
'There's a differency between a grub and a butterfly; yet your butterfly was a grub.'
There is differency between a Grub & a But-terfly,
There is differency between a grub and a butterfly; yet your butterfly was a grub.
_man_? 'inquires the speculator upon this phenomenon, and then comes the reply --' There's a differency between a grub and a butterfly, yet