Tuesday, January 31, 2006

From the genius bringing us the 65% delusion

Coming in at 97 on CNN's 100 Dumbest Business Moments of 2005 is the genius behind the 65% delusion, Overstock.com's Patrick Byrne.

According to Mark Cuban, owner of the Dallas Mavericks, Byrne spent a 61 minute conference call with investors railing about:

Miscreants; an unnamed Sith Lord he hopes the feds will bury under a prison; gay bath houses; whether he is gay, does cocaine, both, or neither; phone taps; phone lines misdirected to Mexico; arrested reporters; payoffs; conspiracies; crooks; egomaniacs; fools; paranoia; which newspapers are shills and for who; money laundering; his Irish temper; false identities; threats; intimidation; and private investigators. All in 61 minutes.

According to CNN Bryne also sent "increasingly shrill pronouncements about nefarious short-sellers driving the company's stock into the ground" After the conference call Mark Cuban short-sold 10,000 shares of Overstock.

The sad part is, he is just as qualified as Margaret Spellings on education issues.


Amerloc said...

Hummppff. He didn't even manange a Top 10 Dumbest Moment. And he's leading a movement. It used to be, in this country, we had geniuses being creative and leading movements. Now we get peeps who barely register on the list.

"Ms. Cornelius" said...

Patrick, I AM your Sith Lord. Call me Darth Cornelius.