What is uncertain is how much further the bubble can expand, and what might pop it.

What is uncertain is how much further the bubble can expand, and what might pop it.

In the real world, illiquid assets carry a discount.

Microsoft could help Facebook with one of the biggest challenges, namely monetizing its traffic without reducing the user's experience. It's obvious that Microsoft needs traffic and Facebook needs search.

As an investor my job is to figure out what will happen rather than what should happen.

What do you call a stock that's down 90%? A stock that was down 80% and then got cut in half.

When you leave a good job to go off on your own and don't expect to make money for a while, you name the firm whatever your wife says you should.