Steve Ross’ Lament
In a book published in 2005, the great financial economist Steve Ross lamented that the finance profession could not understand … Read more
In a book published in 2005, the great financial economist Steve Ross lamented that the finance profession could not understand … Read more
One of the themes of this blog is that Apple succeeds in spite of their dedication to secrecy, not because … Read more
The brouhaha at Google regarding corporate “diversity” reminds me how confused I seem to be about this whole issue. In … Read more
In December 2016, I published the results of tests I performed on my Tesla model S. At that time, I … Read more
There has been a lot of speculation about Apple buying Tesla. While the mixture may be intriguing, Apple should bear … Read more
In a previous post, I argued that private firms should not base decisions on their assessment of the impact on … Read more
Tesla Q2 earnings a closer look especially at ZEV credits – By Brad and Andrew Cornell ALso see Q2/H1 Hedge … Read more
Evolutionary biology suggests that between the ages of 12 and 25 people tend to be intensely interested in two things: … Read more
In this essay, I mean private firms as opposed to public organizations like Department of Energy and the United Nations, … Read more
I was hopeful to gain insight into Tesla’s fair value from the company’s earnings announcement. No such luck. The value … Read more
A great many tech companies, Amazon is the most famous example and Snap is one of the most recent, are … Read more
In a rational economic model, there must be new news about expected future real cash flows for the market to … Read more
Amazon, Netflix and Google. Three great companies whose products I use with regularity. They are profitable. They are growing. They … Read more
Back in 1977 Edward Miller wrote an article that still resonates today and provides insight into what I call “true … Read more
Sometimes shorting a stock can be difficult and expensive. In order to sell a stock short, you must first borrow … Read more