When you buy a technology stock, what exactly are you buying “a piece of”? What’s the end game, the reason for buying, and what types of innovations and business trends (both good and bad) are you looking for from the company? Those are some of the questions we go over in this second episode of Back of the Envelope:
In addition to clicking play above, you can download the episode directly or subscribe to the Back of the Envelope podcast feed (in iTunes or wherever) to have this episode automatically downloaded for your listening pleasure.
As always, I’m joined by co-host Ed Goodwin (@egoodwintx). I had to call in from the motorcycle parking lot (see picture above) of SXSW 2011, so the audio is less than ideal. Indeed, the first 15 minutes of the show mysteriously disappeared.
Since Ed works in a highly regulated job as a portfolio manager, his lawyers require this exciting disclaimer, which you’ll get to hear my friend Charles Lowell read at the beginning of the episode:
This podcast is for entertainment purposes only. The content and opinions expressed in this podcast are merely the opinions and observations of Mr. Goodwin and Mr. Cote. Michael Cote is a technology analyst who may have conflicts of interest concerning the companies mentioned. Ed Goodwin is an investment adviser to various funds that may have a financial interest in any companies mentioned. This podcast should not be construed as investment advice of any kind. Both Mr. Goodwin and Mr. Cote may be buying or selling any of the securities mentioned at any time; either for themselves or on behalf of clients of theirs. The content herein is intended solely for entertainment purposes only. This podcast is not a solicitation of business; all inquiries will be ignored.
Seriously, don’t rely on this podcast for investment advice. Ever.
Now sit back and enjoy the show.
A hedge fund is a private investment fund open only to sophisticated investors. Depending on the type of the fund, the investor needs to fulfill the requirement of “accredited investor” or “qualified client.”