- Home
- Tech Industries
- Topics
- Reporters
- Subscribe
"How Crazy Is That?": Startups Are Safer Than Stocks, Howard Lindzon Says
Posted Jul 14, 2010 07:37am EDT by Peter Gorenstein in Investing, InternetLike many investors, Howard Lindzon has had enough of the stock market. In recent years he’s increasingly traded in his stocks for a portfolio of early stage web companies. “The market is still kind of broken,” he tells Aaron in this interview.
He’s skeptical of playing a market he thinks is rigged. “Something is up,” he says, when in the span of two years, banks go from the verge of insolvency to, as we saw in the first quarter, having perfect trading quarters. “Banks can’t make money 90 days in a row” unless the game is rigged, he says.
Lindzon also thinks there’s still a lot of unresolved problems in the economy, from high unemployment to the continued housing bust. “Believe me, driving the streets there (in Phoenix), it’s two times worse than it was last year,” says the former resident. “There’s this heavy weight on both consumers and producers and that’s just going to take time.”
As a result, he’s focusing more of his money, time and energy in his own business ventures. “That seems like less risk than stocks. How crazy is that?,” he asks. Maybe not, if we’re in for another decade of negative stock market results.
___
Follow Yahoo! Finance on 
Twitter; become a fan on 
Facebook.
Recent Posts
Most Recommended
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.