Note on the 2020 Coronavirus stock market drop

It’s safe to say no one saw a drop this big coming. Coming off an all-time high just a few weeks ago, the market has had the lowest percentage drop since 2008. The speed at which this market collapsed is unprecedented. This drop was facilitated by high-frequency trading algorithms running at speeds that sometimes defyContinue reading “Note on the 2020 Coronavirus stock market drop”

Intrinsic Valuation

According to professor Damodaran, the intrinsic valuation of a business is the “expected cash flows on the asset over its lifetime and the uncertainty about receiving those cash flows.” The professor calls this, “discounted cash flow valuation.” What’s something that cannot be analyzed with this model? Things that don’t generate cash flows – ie. aContinue reading “Intrinsic Valuation”

First steps in valuation

Valuing companies and taking a calculated risk by investing in them is the basis of a value investor. Although my knowledge in this area is sparse, I’ve found NYU professor, Aswath Damodaran to be enlightening, funny, and sane in his approach to valuation. I’ve posted a link to his website where you can find resourcesContinue reading “First steps in valuation”

The more things change the more they stay the same

The title is a direct quote from the initial credits of the 2008 video game, Call of Duty Modern Warfare 2. No kidding. If my patient readers haven’t left the building already, I’d like to elucidate why I believe this rings particularly true with the younger crowds today when it comes to social media. We,Continue reading “The more things change the more they stay the same”

Where Middle-Earth Began

When mighty Beowulf took hold of Grendel with his bare hands, the demon proclaimed, “Nowhere on middle-earth, I realize, have I encountered a grip like his.” This passing reference being to the imagination of the middle ages as our world being in a middle-state between hell and heaven; between the time its savior was born,Continue reading “Where Middle-Earth Began”

Passionless Passion & Wild Tranquility

One rainy, autumn day, I came home and felt a greeting. There was no one in my apartment. It was all silent and still, except for the falling rain and rustling of the pines. And yet, I felt a greeting by that same silence. An invitation akin to a dialogue you’d have with someone else.Continue reading “Passionless Passion & Wild Tranquility”