During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
September 26, 2019
“History Doesn’t Repeat Itself, But It Often Rhymes” –Mark Twain
When examining the current equity market landscape, I can’t help but think back to the late 1990s and recognize the similarities between investor psychology today and back then. While the contributing macro factors are different, the resulting investor behavior...
September 13, 2019
The current unicorn IPO market is reminiscent of the psychology used in the Trojan War. Today the hidden “soldiers” are venture capitalists, investment bankers and corporate employees. According to mythology, the “gift” to the Trojans was an 80’ wooden horse that seemingly marked the end of a ten year war. We are now ten years into a bull...