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...

May you live in "exciting" times! An Updated Picture of Country Risk

About a year ago, I completed my first  update of a paper looking at all aspects of country risk, from political risk to default risk to equ...

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 ...

The Brexit Effect: The Signals amidst the Noise

There are few events that catch markets by complete surprise but the decision by British voters to leave the EU comes close. As market...

Icahn exits, Buffett enters, Whither Apple? Value and Price Effects of Big Name Investing

In my last post , I looked at Apple, arguing, with a Monte Carlo simulation, that the stock was a good investment at the prevailing market p...