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”

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”

Should we be polite with our AI machines?

The short answer is no. You don’t have to say, “I’m sorry to bother you” to your iPhone before unlocking it, just like you wouldn’t have to excuse yourself to a dog before you go to the restroom, and even less if it were a sad cactus in your home office. The long answer however,Continue reading “Should we be polite with our AI machines?”

The Divergence: a response to Sam Altman’s The Merge

I usually let the monster that is the internet alone and distant. It’s a dangerous place to speak your mind because you never know if someone (or something) will bite back. However, after reading through Y Combinator founder Sam Altman’s blog post on the emerging singularity, I couldn’t help but notice the unusually dark statementsContinue reading “The Divergence: a response to Sam Altman’s The Merge”

A walk to Chipotle

It’s noon, and the smell of lunchtime -beans, pork, grease- permeated downtown Buckhead. People from all backgrounds congregate to the hallowed hall of Chipotle at a corner intersection for physical (and I daresay, spiritual) renewal. I walk in and stand in the long line behind the counter. There’s a young, well dressed man in frontContinue reading “A walk to Chipotle”

What I learned from building a neural network. Hint: the robots are coming!

I’m taking a developer certification for using IBM’s Watson AI, and one of the learning requirements is to understand the basics of artificial neural networks. In order to retain the information better and to understand the underlying processes, I decided to actually create a neural network, with the help of Stephen Welch’s excellent “Neural NetworksContinue reading “What I learned from building a neural network. Hint: the robots are coming!”