Shake Shack and its investors are not the only ones gaining from its debut on the stock market. While investors gobbled up the stock valuing it at $2 billion, hundreds of New Yorkers feasted on free burgers outside NYSE after its stock, priced at $21, jumped to almost $50 and closed at around $46. Most content of all, however, seems to be founder Danny Meyer. Having raised $105 million through its IPO, his stake was last valued at $342 million. Not bad for something that started out from a food cart.
Shaking it up
To make this market exuberant enough for a bust will take considerably higher prices
Companies that maximise per share value, even if they don't grow will be great bets
Once we get over all this macho 'I can do everything on my own' nonsense, Life is much better
Engines of 'influence' work exactly the way power flows when you flip a switch
You want to see a business model that makes sense now; it is hard to change later on