In the common parlance of Wall Street, a "story stock" is one for which the numbers may not have arrived yet, but the narrative has -- and it's compelling enough to make investors buy essentially on spec. But from the perspective of Motley Fool co-founder David Gardner, every addition a Foolish investor makes to their portfolio has a story behind it, and on this week's episode of Rule Breaker Investing, he invites several of our analysts into the studio to share some of their favorites.
But for his final segment, he has offered a story from a special guest: New York Times best-selling author Dan H. Pink, a big thinker in the fields of management, work, and human behavior. During the tour for one of those books, he met a "super creative guy" who told him about what he described as a crazy idea for a business. Even crazier was one of the ways they raised a bit of seed money for it. And craziest... well, we'll let him tell it.
A full transcript follows the video.
More From The Motley Fool
This video was recorded on June 6, 2018.
David Gardner: We have celebrated author Dan Pink, a good friend of The Fool, here with his stock story. Since I already know this one, because he told it at FoolFest last week, I'm pretty sure I can tell you, he's going to top us all with what you're about to hear. Dan, take it away!
[...]
Dan Pink: Once upon a time, in the middle of the first decade of this century, I wrote a book called A Whole New Mind. It had an orange cover. One of the ideas in the book, which I'm not sure is totally right anymore, was that, I had this argument that the MFA, the Masters of Fine Art, is the new MBA. The MFA is the new MBA, because a lot of MBA skills can be outsourced and automated. The skills of an MFA, the Masters of Fine Art, are harder to outsource and harder to automate, therefore they would be more valuable. The MFA is the new MBA.
The Motley Fool has a disclosure policy.