An Inconvenient Truth – Alpha Financial Styles Beget Ginormous Returns
Apologies to Al Gore for another inconvenient truth. There’s been a lot of talk about alpha these days, but not just about investments. Trump, Putin – alpha is definitely in vogue. As in alpha male. Like Tarzan. Does that tell us something about the investing world? Yep it does. Check out my book The Three Financial […]
The Unicorn Innovation – Address Dumbed-Down Basic Needs
Unicorns are so….fashionable. You know what they are right? Startups valued at at least $1 billion, amazing right?. Right now in the US there are over 80 unicorns, mainly in Silicon Valley. One of them, Square, just went public at a valuation of $6 billion which was felt to be a low figure now. Hmmm. […]
Why the Tech Bubble? Fewer Startups, Higher Valuations of Course!
See, everyone’s talking about the emerging (or emerged) bubble in startup valuations. My thesis: there are now far fewer startups so valuations have to go up. Duh. So you thought the number of startups was rising? All those Silicon Valley startups, every university having courses in entrepreneurship? Think again. You are totally wrong. Check out this […]
Is High Intelligence a Handicap to Creating Wealth?
Do you have to be smart (as in high IQ) to be rich? You’d think that the answer would have to be yes. And you also have to believe that any research showing this, or the opposite, would have to be famous. You would be wrong on both counts, at least if you look at […]