FYI: With a million dollars to invest today, would you rather buy a portfolio of New York City taxi medallions or shares in Uber stock?
When we ask investing audiences this question, the answer is almost always Uber. People tend to think in terms of fundamental growth without also thinking about price. In terms of growth and excitement, Uber has the clear edge. But in this paper we're going to explore how investments of both types—those like taxi medallions that are distressed and deeply out of favor, and those like Uber (recent troubles notwithstanding) with strong growth—can be great investments.
Regards,
Ted
http://osam.com/Commentary/factors-from-scratch
