Lessons We’ve Learned on Valuation & Supply vs. Demand I have been asked a lot about SpaceX. Here are a couple of thoughts from living and working through a few moonshots and crashes in the Stock Market during my career. And there will be a few more monster-sized IPOs soon that crowds of investors will flock to, generating even more excitement and speculation. To be very clear, I am not a rocket scientist. I have no idea what will ultimately happen to SpaceX (neither do the s

Most of the investment crowds’ research and forecasts measure the supply and demand for a company’s products or services. But never forget the most important factor in what moves a stock price next – the supply versus demand for its shares. This chart shows that almost half of all Apple shares (44%) have disappeared from the open market, no longer available for a new buyer to bid on. We wanted to share the fingerprints from one of the largest buyers of stocks in the world,

On road trips as a kid, my favorite snack at a gas station was a Snickers bar. If I were really lucky, and it was a fancy one with a freezer, I’d cross my fingers that they had a bombstick. Each one of those seemed fresher than anything cooked behind the glass. Gas station grub has gotten a lot better at a few stops. On a recent road trip visiting colleges with my daughter Casey, we stopped at my favorite gas station. She thought I was just being goofy, wanting a photo, becau

There should be no tax season, it’s a year-round priority for investors. The reason many put it off, and don’t like to think about it, is that too often it’s a painfully large number owed and it keeps getting more complicated – both the tax rules and investment products. Here is my nomination f or the most powerful way to slay both of those dragons for an investor. I would love to show you how we pay only a 10% effective tax rate on all the income from our largest account

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We found undervalued tickets by looking through a wider lens at teams/markets loaded with talent just joining the league of capitalism.