First, they ignore you, then they laugh at you, then they fight you, then you win. Whoever said that was wrong. If you do the right thing, you don’t always win. We learned that through experience. Nanalyze started out as a popular forum to discuss tech stocks. As it grew in popularity, many cheerleaders came around to tout penny stocks. Over time, we discovered how pump and […]
If you spend six figures on business school, they’ll teach you cool things like how to value a company. One method is to evaluate the present value of future cash flows (cash today is worth more than cash tomorrow because of inflation). You’ll often hear investors talk about price/earnings ratio or P/E ratio which is […]
Today’s young tech investors don’t seem to care much about risk. If they did, they’d first need to define risk. For any given portfolio of stocks, a common risk is correlated returns (when stocks move together in the same direction). This is why diversification is such an important concept. If you’re invested in one stock, […]
You’d be hard-pressed to find a Wall Street analyst incapable of telling you what stocks to invest in. Much rarer is the analyst that tells you what not to invest in. This is especially true in the world of tech stocks, where everything is focused on telling great stories. Today’s youthful investors seem more interested […]
Here’s a fun exercise to think about. If you managed your own portfolio of tech stocks over the past 20 years, what sort of return would be considered good? (Don’t cheat and try to Google some numbers. Bear with us here please.) How about +400%? If we told you we returned +400% over the past […]
One problem with mainstream financial pundits is their tendency to ball all risky tech stocks into a single category. That’s not a good way to manage risk. You cannot equate a pre-revenue SPAC with an enterprise software-as-a-service (SaaS) IPO that has double-digit revenue growth coming from some of the biggest companies in the world. In […]
We are fortunate enough to spend most of our waking hours researching some of the most exciting technologies you can imagine. It’s easy to make a case that today’s market is only the start of a multi-decade bull market, the likes of which mankind has never seen before. In 2021 alone, Gartner expects that AI […]
We often tell our MBAs not to try and predict the future. That’s because when you’re right, nobody will notice, but when you’re wrong, critics will crawl out of the woodwork to point out what a moron you are. The best thing to do is take someone else’s predictions and carefully critique them. Then, you’ll […]
The trendy thing to do lately is to use your own personal supercomputer – the one nearly all of us carry – to complain about how broken capitalism is. Never mind all the cell towers that transmit those signals, the constant availability of electricity to power them, or the incredibly dense lithium batteries that store […]
In our recent article on innovation management, we looked past the buzzwords to talk about the importance of constant improvement at a company-wide level. Says Wikipedia, innovation is “the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.” Investment management firm ARK Invest takes this a step further by defining […]