Friday, March 23, 2012

Equity Risk Premiums: The 2012 Edition

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As many of you who have been reading this blog for a while know, one of my obsessions is the equity risk premium. To me, it is the "nu...
42 comments:
Sunday, March 18, 2012

Greg Smith on Goldman: An indictment of investment banking?

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Greg Smith, the Goldman VP who resigned with a searing indictment of Goldman Sachs in the New York Times , has created quite a commotion. P...
19 comments:
Thursday, March 1, 2012

Apple: Thoughts on bias, value, excess cash and dividends

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Apple is hitting or is close to hitting two significant landmarks. Its market cap exceeded $ 500 billion yesterday (2/29) and its cash bal...
43 comments:
Thursday, February 23, 2012

Facebook: Playing the "IPO pop" game?

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In my last post on Facebook, I provided my estimate of value (about $ 70 billion) and concluded that I would not be a buyer of Facebook sha...
14 comments:
Thursday, February 16, 2012

The IPO of the decade? My valuation of Facebook

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The Facebook IPO gets closer and I don’t think I can put off this valuation much longer. While we don’t have an offering price yet, the pre...
70 comments:
Saturday, February 4, 2012

Options and Taxes: Is a "Facebook" tax next?

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Facebook is in the news and I will do my usual pre-IPO valuation and posting in a few days on the company but I want to focus in on an i nt...
20 comments:
Thursday, January 26, 2012

Moneyball and Investing: Data, Information and my 2012 Update

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I loved Moneyball, both the book, by Michael Lewis, and movie  starring Brad Pitt, because they bring together two things I love: baseball ...
18 comments: