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.
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.
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.)