Putting a Premium on Potential — and Discounting the Present Any would-be stock market geniuses first have to wrestle with this seeming conundrum. Newly-public Twitter has negligible revenue (never mind earnings), but is valued at an astronomical $32 billion. The rationale? The revenue and earnings will come later. Meanwhile, Apple Computer’s $40 billion(!) in net...Read More
iPhone 5 as Economic Stimulus (Note the Multiplier Effect) So, there appears to be a debate these days about whether the debut of Apple’s much-anticipated iPhone 5 can do what the Federal Reserve cannot: provide a genuine stimulus to the U.S. (if not) global economy. Put me squarely in the “affirmative” camp. That’s because cumulative...Read More
My Favorite Post of the Year (So Far) Those who talk, don’t know. And those who know . . . don’t talk. –Lao Tzu Better to keep your mouth shut, and let people think you’re an idiot, then open it and remove all doubt. –Mark Twain What’s going to happen in 2012? Hell if I...Read More
