Why am I buying Twitter?

by astanhaus


Why am I buying Twitter?

To be a shareholder, just like Jack Dorsey. He’s dreamy! Hopefully, our paths will cross at the next shareholder meeting.

Yes, I’m a value investor.

Yes, tech start-ups, such as Twitter, are not traditionally thought of as value investments.

And yes, even Dr. Aswath Damodaran’s evaluation of Twitter leads me to understand the current price is inflated—the exact opposite time to buy according to the value investing definition.

But, as Dr. Aswath Damodaran concedes himself, accounting balance sheets are completely useless for young firms, especially tech firms. Financial services industry, let’s fix this! I want to be able to tell from the start, whether a start-up will become a Google or not.

Shouldn’t it be worth something that hundreds of millions document their every move/thought on Twitter? Not to mention, Twitter facilitated a revolution!

I’m buying one—just one—share of Twitter, so I can attend a shareholder meeting and meet Jack.

His twitter feed is the best, duh. I really like his shirts. And, after reading this New Yorker article about Jack, I know we would be the best of friends!

Jack is democratizing payments with Square. I am democratizing financial literacy with my blog.

Can’t wait to chat, Jack!


(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)