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Bono's Investment Firm Still Hasn't Found What It's Looking For (Bono, Worst Investor in America)
PasteMagazine.com ^ | March 29, 2010 | Rachel Bailey

Posted on 03/29/2010 5:50:55 PM PDT by DogByte6RER

Bono's Investment Firm Still Hasn't Found What It's Looking For

By Rachel Bailey

24/7 Wall Street recently had some strong words to say about U2 frontman Bono. Namely, based on a string of disastrous choices made by his investment firm, Elevation Partners, that he’s the Worst Investor in America.

Among the companies Elevation has poured money into is Palm, maker of the unsuccessful Pre smartphone. “There is a 90% chance that they go bankrupt or get acquired within a year," a hedge fund managing partner told 24/7 Wall Street. Then there’s the restaurant review site Yelp, which was sued for fraud in February after reports that the company had offered to take down unflattering comments about poorly-reviewed restaurants in exchange for those restaurants purchasing ads on the site. The list goes on.

What’s next for the perpetually-sunglassed frontman? Hard to say, but as Vulture suggests, perhaps he’ll quit

(Excerpt) Read more at pastemagazine.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: bono; bonoiscrap; business; celebrity; investments; napl; pos; stocks; u2; wallstreet
A Piece of Crap

Bono is a piece of CRAP. It's no wonder his stock picks are crap too!

1 posted on 03/29/2010 5:50:56 PM PDT by DogByte6RER
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To: DogByte6RER

He would have been better off sending all his money to African dictators.


2 posted on 03/29/2010 5:52:31 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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“A Piece of Crap” was a great parody of Bono on South Park. Watch it at:

http://www.southparkstudios.com/clips/155668


3 posted on 03/29/2010 5:53:22 PM PDT by DogByte6RER ("Loose lips sink ships")
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To: DogByte6RER

He pays no taxes because his companies have a nifty loophole through Holland or the Isle of Man where he pays no taxes.


4 posted on 03/29/2010 5:54:15 PM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: Frantzie

Yet, he still loses on his investments. What a piece of crap!


5 posted on 03/29/2010 5:56:59 PM PDT by DogByte6RER ("Loose lips sink ships")
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To: Slings and Arrows

I would like your business perspective on this.

ping


6 posted on 03/29/2010 5:59:59 PM PDT by DogByte6RER ("Loose lips sink ships")
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To: DogByte6RER

Oh, this so TOTALLY made my day! Thank you!

Me, a dopey little serf that you’d never pick out in a line-up of Little Old Ladies is making money hand over fist in commodities these days...while someone as SMART and as COOL as Bono is losing his shirt?

ROFLMAO!

I. Love. It. :)

Hey, Bono! Mama made $13K today while she was workin’ her slightly-above-minimum-wage job for the health insurance benefits, alone.

Pass the caviar and champagne, Loser. *Rolleyes*


7 posted on 03/29/2010 6:04:59 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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More at:

“Bono Becomes The Worst Investor In America”

http://247wallst.com/2010/03/24/bono-becomes-the-worst-investor-in-america/


8 posted on 03/29/2010 6:23:14 PM PDT by DogByte6RER ("Loose lips sink ships")
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To: DogByte6RER; MeekOneGOP; Conspiracy Guy; DocRock; King Prout; Darksheare; OSHA; martin_fierro; ...
Among the companies Elevation has poured money into is Palm, maker of the unsuccessful Pre smartphone.

Palm was yesterday's big thing, now surpassed by its successors. Ironic enough for ya?


9 posted on 03/29/2010 6:34:57 PM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: Slings and Arrows

I hate it when I read crap like that. I love my Pre.


10 posted on 03/29/2010 6:40:15 PM PDT by visualops (Freepin' on my Pre!)
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To: DogByte6RER
should be Boner...
11 posted on 03/29/2010 6:54:15 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: DogByte6RER

He’s probably so blinded by his fashion ideology, he would never consider 70% of companies that might actually make him some money. I would imagine whole sectors such as oil, insurance, food, commodities are off his list because they are not politically correct, or simply not “cool.”


12 posted on 03/29/2010 6:56:59 PM PDT by PGR88 (I'm so open-minded, my brains fell out.)
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To: DogByte6RER

All U2 dodge Irish taxes by their corporation being domiciled in Holland. Bunch of hypocrites and their music sucks. Peter Gabriel is just as much to the left but has put out more likable tunes than U2. Biko is an amazing tune even though I don’t go for its politics


13 posted on 03/29/2010 6:59:27 PM PDT by dennisw (It all comes 'round again --Fairport)
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To: visualops

I like my old Treo too, but PalmOS is dying. Palm coasted too long.


14 posted on 03/29/2010 7:37:15 PM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: DogByte6RER

Is he still holding Al Gore GWG? (Global Warming Greenies)rhetorical


15 posted on 03/29/2010 7:44:03 PM PDT by Son House ("Warning! Warning!" "That does not compute" "Danger, Will Robinson!""Oh, the pain...the pain!")
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To: DogByte6RER

I used to like Bono. Then I read about his hooting over his disdain for President Bush - refused his handshake or his hug or whatever it was? After Bush had cooperated so fully with his AIDs in Africa campaign.

I was disappointed and disillusioned, and think very poorly of him now.


16 posted on 03/29/2010 8:33:03 PM PDT by Persevero (Ask yourself: "What does the Left want me to do?" Then go do the opposite.)
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To: Slings and Arrows

I like my Treo too...hard to think about what kind of smart phone will replace it..


17 posted on 03/29/2010 8:38:33 PM PDT by BigSkyVic
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To: DogByte6RER

Always number 2!!


18 posted on 03/29/2010 9:19:31 PM PDT by KosmicKitty (WARNING: Hormonally crazed woman ahead!!)
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To: BigSkyVic

I use a Nokia E63 these days. The Treo has a superior PDA, but the Nokia is far faster on Net access. (Gotta have my mobile freeping!) Also, it’s kind of nice not having to reset five times a day. ;^)


19 posted on 03/29/2010 9:20:42 PM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: Slings and Arrows

Who’s Bono? Wasn’t U2 a spy plane?


20 posted on 03/30/2010 3:33:27 AM PDT by TheOldLady
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To: Slings and Arrows

The Pre and Pixi run WebOs, not the Palm Os. WebOs now has an emulator to let you run legacy Palm apps, but they are not the same. So I have to think you don’t know much about Palm presently.


21 posted on 03/30/2010 3:35:12 AM PDT by visualops (Freepin' on my Pre!)
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To: TheOldLady

I think he was married to Cher.


22 posted on 03/30/2010 4:03:57 AM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: Slings and Arrows

OH! Thanks. I think.


23 posted on 03/30/2010 4:47:30 AM PDT by TheOldLady
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