Colleague Stephen Andriole preempted me with his excellent 2012 prediction Valuation Models Will Overweight the Importance of Cloud Delivery. I could not agree more with his over-arching message: Wall Street will dramatically modify their valuation models of software and technology services companies to overweight the importance of cloud delivery. Human nature being what it is, I expect we will be witnessing a ton of “washing” in 2012 and beyond. In particular: Cloud washing SaaS washing Multit-tenant washing Your investment style is, of course, your own private business. For example, you might be very successful using The Greater Fool Theory. However, if you are into Value Investing, I would allow myself a word of caution. For …

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