Truer Words Were Never Spoken

An unintentional piece of poetry closes out Professor Aswath Damodaran’s analysis of the Facebook – Whatsapp deal: My experience with markets has been that no one has a monopoly on virtue and good sense and that the hubris that leads to absolute conviction is an invitation for a market take-down. To investors to view deals like…

Moment of Truth

First, press play and turn up your speakers: Okay, thanks. This morning I showed you the Nasdaq going back to 1986. Let’s look at a simple S&P SPDR chart, no moving averages or RSI or fibonacci bullsh*t, just price:   Is this it? Do we punch through? Are we ready? Do we deserve it? Does…

Chart o’ the Day: Nasdaq Composite since 1986

Tesla is adding another few billion dollars to its market cap this morning on news it will sell 35,000 cars this year. Ford, meanwhile, sold 45,000 F-150s in January. Tesla’s $30 billion enterprise value implies their having the entire electric car business to themselves forever. Okay sure. In the meanwhile, Facebook announced a deal to…

Mindblowing Stats about Facebook’s Buyout of WhatsApp

The huge news from last night is that Facebook has just agreed to buy WhatsApp, a four-year-old text messaging company with 450 million users and 55 employees, for $19 billion. That’s not a typo, nineteen billion dollars. Text messaging. Kevin Systrom may have sold out his Instagram too early, he only got a billion dollars…

Chart o’ the Day: Shanghai Surprise?

From the folks at ChartOfTheDay.com: Over the past three years, the Shanghai Composite Index has traded within the confines of a relatively steep downward sloping trend channel. Over the past month, the Shanghai Composite has worked its way higher to where it is testing resistance (red line) for the 7th time since early 2011. Josh…

Adaptation

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change. In the struggle for survival, the fittest win out at the expense of their rivals because they succeed in adapting themselves best to their environment.” A lot of people…