Here is a short clip about my take on how to value a hot stock. It’s simple, how is Wall Street valuing the firm? In Uber’s case, it’s about a third in food delivery. “Only the crappy places on are Uber Eats in Albuquerque” – it’s going to disappoint. Then I add some color to the conversation, and the disruptions that could happen. I keep talking about how Uber has to buy revenue, and until that stops, or the stock gets very cheap, I’ll take a pass. Again, I’m talking as a speculator – it’s not the thing we buy for our clients because they don’t need risk outside of a globally diversified stock and bond portfolio.