Uber: The IPO Underperformance is a Good Thing

Investors are paying a premium for disruption when they invest in UberThe decline in value after the IPO means the company has left no money on the tableUber is betting on a vision of the future, with focus on shared and on-demand services Uber labels themselves as a "personal mobility business" in an attempt to …

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A Game Theory Application: Is Donald Trump Actually Crazy?

This is a part of my Game Theory Series. I have several equity analyses in the works, but it's fun to spin the brain in a different direction. Please let me know if you have any questions or comments! There are mixed views about the President, but he tweets enough content to fuel several blog …

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How Do You Induce Cooperation?

Consider the infinitely repeated version of the symmetric two-player stage game below. The first number in a cell is player 1’s single-period payoff. Suppose the stage game is repeated three times and each player’s payoff is the sum of the single-period payoffs. Assume that past actions are common knowledge. Source: Games, Strategies, and Decision Making …

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Infinite Games: Comparing the Combination of The Value of Defecting + The Value of Loss

Consider the infinitely repeated version of the symmetric two-player stage game in the following figure. The first number in a cell is player 1’s single- period payoff. The second number in a cell is player 2's single period payoff. Source: Games, Strategies, and Decision Making Assume that past actions of each player are common knowledge. …

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Diving into 5G: The Future of Network Connectivity

Verizon has received a lot of attention in the news for being the "first" company to launch 5G servicesThere are headwinds to 5G, including a lack of devices to support the network The 5G business isn't expected to have much of an impact until 2021The 5G discussion is complex and convoluted and no one really …

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Costco: Everything is Right Except the Share Price

Costco's supply chain management is all about "minimizing the fingerprints" which makes them one of the most efficient operators in the business.Costco has an online delivery platform that offers free shipping to customers if their orders are $75+.They have several overseas opportunities, and are continuously expanding abroad.Costco has one of the best supply chain management …

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