My colleague Maynard Paton and I had a fallout over the collapse of the online poker sector this week. I said that risky Internet poker companies should never have been allowed to float on the London market. I also believed that bankers who brought companies such as PartyGaming (LSE: PRTY) and 888 Holdings (LSE: 888) to market should have done more to protect unsuspecting private investors. But Maynard reckons that stock market investors should always be allowed to make their own choices.
After much arm wresting with him over our Bloomberg terminal, I eventually agreed with him that caveat emptor, or buyer beware, should rule. After all, the warning signs were plain for all to see — if you just bothered to look….
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