After working in Silicon Valley for 15 years, I developed this theory called “The Myth of Empowerment.” While the Myth of Empowerment wasn’t intended to act as a qualitative indicator for stock picking, it turns out that it could easily be applied to the decline of Yahoo (Nasdaq:YHOO) - with the fallout inflicting damage on Microsoft (Nasdaq:MSFT).

The one thing you notice about Silicon Valley is the meetings. They multiply like a fungus. Once inside, you become intoxicated from the heady fumes of whiteboard markers, since the entire culture seems incapable of explaining anything without standing in front of the room to draw organizational charts. Ditto for PowerPoint.

And so the Myth of Empowerment came into being after years of sitting in conference rooms listening to these pretentious windbags. As the Myth