This chapter examines the challenges of stock valuation in speculative markets, using Virgin Galactic's SPAC debut as a warning against high-risk investments. It contrasts the instability of sectors like space tourism with more reliable options such as Costco, while also discussing the impact of capital gains taxation on investment choices.
How do you determine what a company’s worth? You pull a lot of information from a lot of different places.
Jim Gillies joins Ricky Mulvey for a conversation on valuation and mosaic theory. They also discuss:
- How incentives impact valuation
- The “new store growth story” at Costco
- Case studies from a sneaker company and a space company
Companies/Tickers Mentioned: WINA, COST, ONON, SPCE
Host: Ricky Mulvey
Guest: Jim Gillies
Producer: Mary Long
Engineer: Dez Jones
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