Viewing profile — wrice314

STOCKS FELL LESS THAN 1%

Hedge funds often run at less than 100% net long, so it's not surprising to me that they "underperform" in booming bull markets. Shifting to the passive management exposes investor…

Plenty of companies make so much money. Google didn't have to worry about financial discipline, not because it had so much money, but because it has an unassailable competitive pos…

Time Warner Cable (cable service) and Time Warner Media (HBO, CNN, Warner Bros Studio, etc) are distinct companies. The media business spun out the cable division years ago. Apple …

Interesting article. I have also found that it is effective to ask the Associate what questions and concerns others in the firm have about a company prior to coming in to present t…

I agree that Facebook did the best thing, that is raising the most money with the least dilution, though you can see culturally how downward pricing pressure and momentum has force…

How has $25B of wealth not been created? The market believes that the price of the stock is a price such that the total company would be valued at $25B. What asset can you own othe…

Pricing an IPO is more or less an auction. When pricing an IPO they set a range and then meet with institutional investors to sell their book (in this case 70M shares. The original…