Investors Dilemma

And…

Talking to a lot of investment sponsors and “opinionated” investors, I’m often times struck by how binary their decision making process is. Their “idea/product” is the greatest idea in the known universe and you would be stupid not to put all your money into it. Always a choice between A or B. Why does this […]
Read More

Macro vs Micro

The last few weeks I have been to a couple of conferences. The first was an LP meeting with Social Leverage – an early stage VC firm, the second a presentation from Art Laffer, the renowned supply side economist. The juxtaposition between these two events was profound. The Social Leverage conference was a bunch of […]
Read More

How Much?

It’s interesting living here in San Diego.  It’s not a secret that is has desirable weather and a strong, diversified economy.  The dilemma is that it is essentially land locked and many people want to come and enjoy the sunshine.  Well except on days when it rains like today (OMG no one knows how to […]
Read More

Shhh

With so much Social Media around, I’m not sure if all the rhetoric that gets produced has always been there, or is it now just so much noisier because of all the platforms that it can be broadcast on. The problem with so much noise is that it is becoming more and more difficult to […]
Read More

Two Things

When investing it’s important to remember that two things impact the value of an investment – the amount that it is earning and how much people are willing to pay for it. When considering the stock market – the Earnings per Share (EPS) are easily understood and reported. The multiple or what people are willing […]
Read More

Investors Dilemma

There are about 1/2 as many public companies today as there were in 1997.  This is due to a myriad of reasons – too hard, too much regulation, lots of private capital, to name a few. This is creating a dilemma – more of the growth of some of the fastest growing companies is now […]
Read More