Publications
December 12, 2018

The Impact of Growth Options and Intangible Assets

To expand on our thoughts about growth options and intangible assets, we have published a…
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Blog
November 28, 2018

Looking Back at Bitcoin

Benjamin Graham once said, “In the short run, the market is a voting machine but…
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Publications
September 24, 2018

An Eye on Profitability

Assessing profitability lies at the core of valuation and investment analysis, but it is far…
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Publications
August 30, 2018

The Value Effect and Stationarity

Empirical studies routinely find that value stocks, defined as those with high book values compared…
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Publications
August 16, 2018

Information Release and Stock Price Movements: The Tesla Earnings Announcement and the Musk Tweet

https://cornell-capital.com/wp-content/uploads/2018/08/An-Alternative-Hypothesis-to-Market-Efficiency.pdfhttps://cornell-capital.com/wp-content/uploads/2018/08/An-Alternative-Hypothesis-to-Market-Efficiency.pdf On rare occasions individual observations of stock price movements are sufficiently informative that interesting…
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Publications
April 24, 2018

An Alternative Hypothesis to Market Efficiency

On repeated occasions, Eugene Fama has claimed that critics have failed to offer a complete…
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Publications
April 20, 2018

Yes. It’s a Bubble. So What?

With sky-high valuations in the US stock market, and what we believe is a tech…
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