Pox Infested Blankets for Time Warner

by Johnny Debacle

This degree is purely honorary and it showsAccording to this ABC News article, Time Warner had this to say at last week’s National Cable & Telecommunications Association conference:

[My] favorite quote of the week came from Richard Parsons, CEO of Time Warner Inc., speaking at the annual National Cable & Telecommunications Association conference in Las Vegas.

According to Reuters — a fact that may give Parsons plausible deniability — Parsons said, incredibly, “The Googles of the world, they are the Custer of the modern world. We are the Sioux nation. They will lose this war if they go to war. The notion that the new kids on the block have taken over is a false notion.”

No one can say for sure, but the fact that the Sioux are all dead indicates that the Sioux didn’t quite win the war. I guess it really depends on what your definition of “win” is. Mine would include “not being exterminated with pox infested blankets” and “not having my land taken away and being forced into concentration camps in Oklahoma” and also “not being all dead by the hand of the white man.” I guess that makes me a purist.

Recommendation: When management doesn’t even know when they are about to be genocided, it’s probably time to short. Short Time Warner (NYSE: TWX). A catalyst for doubling down would be any raid on Google (NASDAQ:GOOG) initiated by Time Warner which results in the slaughter of 300 Googlites and one of Sergey Brin or Larry Page.

Hat tip to the value creating Newmark’s Door.

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