Ken Stern: What’s Wrong With the Charitable Sector, How to Fix It – Wal-Mart Stores, Inc. (WMT), Chevron Corporation (CVX), Goldman Sachs Group, Inc. (GS)

Byrnes: How about those I mentioned in particular — there are obviously a lot more — I mentioned SiriusXM, Pandora, Spotify, iTunes. Is there a winner in that group, or do you think they can all coexist because they do different things, in a way? Do you think one necessarily takes the cake, going forward?

Stern: I think if I knew I’d be a lot richer. I wouldn’t have to write a book. I think, truthfully, there’s a marketplace now for all of them. I think a lot of them make a lot more sense. I would say to SiriusXM — which I’ll be going over to do interviews later this afternoon — it’s a pretty good business now.

It has a great marketplace, but again no one would launch a bunch of satellites today, if they had the choice. Even though it’s a relatively new technology, it’s already an old technology, and for the long run I think probably newer and better technologies will win out, but that takes time.

Byrnes: Absolutely. Ken Stern, author of a very interesting book, “With Charity for All.” Thank you so much for your time.

Stern: Thanks for having me.

The article Ken Stern: What’s Wrong With the Charitable Sector, How to Fix It originally appeared on Fool.com and is written by Brendan Byrnes.

Brendan Byrnes owns shares of Apple (NASDAQ:AAPL) and Wells Fargo. The Motley Fool recommends Apple, Chevron, FedEx, Goldman Sachs, Walt (NYSE:DIS) Disney, and Wells Fargo. The Motley Fool owns shares of Apple, Walt Disney, and Wells Fargo.

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