My Snap Story: Valuing Snap ahead of it's IPO!

Five years ago, when my daughter asked me whether I had Snapchat installed on my phone, my response was “Snapwhat?". In the weeks follo...

Apple: The Greatest Cash Machine in History?

As as sports fan, watching Brady and Belichick win the Super Bowl, Roger Federer triumph at the Australian Open and LeBron James carry the C...

Narrative and Numbers: How a number cruncher learned to tell stories!

When I taught my first valuation class in 1986 at New York University, I taught it with numbers, with barely a mention of stories. It was on...

Investing and Valuation Lessons from the Renaissance

I just got back a few days ago from a two-week family holiday in Italy, where we spent the bulk of the second week in Florence, which we use...

Tesla: It's a story stock, but what's the story?

The last few weeks have tested Tesla’s shareholders and frustrated short sellers in the stock. Shareholders have had to weather a series of ...

Runaway Stories and Fairy Tale Endings: The Cautionary Tale of Theranos

I saw the new Steve Jobs movie , with the screenplay by Aaron Sorkin, over the weekend. As a long-time Apple user and investor, I must conf...