The recent sell off in public tech stocks has reverberated across the markets. The imminent threat of rising interest has caused many investors to shift from growth to value-oriented stocks. As a result, several well-known, high-growth technology companies have experienced a double-digit percent drop in their stock price in the last few months. Why are tech stocks selling off at these levels? What impact do … Continue reading The Relationship Between Public and Private Markets
The subject of delayed gratification has come up in many of the things I’ve listened to and read in the last few days. Usually, when I repeatedly stumble upon the same information or piece of advice within a short period of time, I tend to think that maybe it’s something I should do some digging into. Delayed gratification is the practice of sacrificing something you … Continue reading Is Delayed Gratification Exclusively a First World Problem?
Several months ago, I wrote a blog post about how in today’s hyper-competitive business environment, those who win are only marginally better than their competitors. In this blog I want to describe what that marginal advantage is and how the “winners” in business maintain it. Prior to the invention of the internet, gathering information was a slower and more manual process. Now it seems we suffer from … Continue reading Information Gatherers vs. Information Analyzers
No matter who you are, if you want to invest in a publicly traded company it is relatively easy to do so. But what if you want to invest in a private company? Or, what if you’re a startup company needing to raise money but you’ve exhausted your network of friends and family members and you’re unable to raise capital from a bank or from … Continue reading Crowdfunding
The process of becoming a smarter investor isn’t solely about intelligence; it’s about curiosity. I don’t think intelligence and curiosity are mutually exclusive. But I do think that while intelligence inspires one to acquire more facts, curiosity inspires one to ask more questions. When I think about this comparison and how it applies to the world of investing, asking more questions can be immediately beneficial. … Continue reading Become A Smarter Investor by Asking Better Questions
Every year I like to read Byron Wien’s Top Ten (economic) Surprises for the year. I’ve written about Byron before, but for those who don’t know him, he is the Vice Chairman for Blackstone, a large wealth management firm with $554 billion in assets under management. While Byron’s list of economic surprises are interesting and helpful, I always find his “Life’s Lessons” commentary at the … Continue reading Life Lessons for the New Year
I was recently talking with a close friend of mine about the U.S. economy and he asked me how an economic recession would affect the venture capital industry. He works in the heavy equipment leasing industry and he was telling me that he’s beginning to see some companies postpone capital spending on construction projects because of concerns about the economy. I always enjoy hearing his … Continue reading What Happens to VC in an Economic Downturn?
I was reading Byron Wien’s September 2019 market commentary and I thought I’d share a few takeaways. But before I do, I’d like to suggest signing up for Byron’s monthly commentary. I read several market commentary newsletters each month, but I find Byron’s is the easiest to read because his writing style is very conversational and the content is straightforward. I’ve never met Byron or … Continue reading Economic Outlook