Musings on Markets

It is a sign of the times that a blog such as mine,  dedicated to micro questions (on corporate finance and valuation), is bogged down on th...

For much of the last century, as public equity markets have grown, the choice for owners of private businesses that had growth potential was...

The talk of default is all around us, as we watch Greece and Italy struggle with impending disaster and the fight over debt limits in the Un...

A few days ago, Groupon filed an S-1 statement with the Securities Exchange Commission, officially signaling its intent to do an initial pub...

I have a healthy respect for technology. While I don't see it as the cure for any of our problems in valuation, it has made life a lot e...

I know this post will strike some of you as splitting hairs and an abstraction but it is a topic that fascinates me. A few weeks ago, I got ...

Google rewrote the book for initial public offerings in two ways. One is that they bypassed the traditional investment banking syndicate for...