"There's never a bad time to make a good decision"

Suze Orman is a household name in the personal finance arena, she is a guru to many and has built a huge following almost everywhere with her books, PBS shows and appearances, or so it seems. She is like a financial evangelist and many of her followers are just as devout. In the interest of full disclosure, I confess to never having read one of her books, nor have I been able to sit through more than 2 or 3 minutes of one of her shows. Oh yes, I am in the financial planning business so I suppose if you buy her book you may be less likely to hire my firm.

Something about her persona has always struck me as.......well, phony. A little too tan, teeth a little too white (okay more than a little), and the hazy glow around her has always made me feel uneasy whenever I see her. It's pretty much the same feeling I get when I see televangelists; it's that "cult of personality" thing that bothers me.

Apparently Facebook is about to announce its intention to have an IPO (Initial Public Offering) of about 10% of its stock sometime this Spring. There is talk of the offering raising $10 Billion which would make the estimated value of the company somewhere around $100 Billion. Yes $100 Billion.

The world is abuzz about this news and dreams of huge investment returns abound. No doubt they will easily raise the money but is it a good investment? Assuming you could get access to shares at the offering price. My answer is emphatically no, at least not at this price.