With the political debate gravitating toward socialism and capitalism, today we take a look at six facts that tell us about capitalism in four countries.
Guilty of probability neglect, we should listen to Warren Buffett’s advice on investing and use cost/benefit analysis whenever emotions overwhelm logic.
By Alexandra Kaiser, guest blogger, Kent Place School alumna and undergraduate at New York University I have been reading many news articles on recent mergers and acquisitions. 2013 started off with companies spending $219 billion on M&A. Compared to the…
Called the “Ketchup Conundrum” by journalist Malcolm Gladwell, we have many mustards but only one ketchup. Grey Poupon transformed the mustard market. Originally a delicacy in the gourmet section, Grey Poupon was selected over French’s in taste tests. However, a $1.49…
My story starts yesterday with a Penn Professor of Astronomy and Astrophysics. Explaining that an image of the history of the universe could emerge from two celestial bodies, he added that similarly, we could describe the US economy through Warren Buffett and…
If you had purchased Berkshire Hathaway stock on December 6, 1976, you paid approximately $77. At yesterday’s closing price, one share of the same firm (BRK/A) was $127,550. (Looking at the BLS CPI inflation calculator, $77 in 1976 is equal…
Released yesterday, Warren Buffett’s annual letter to shareholders, as always, included sections that make me smile: Talking about how he uses a consistent standard to assess Berkshire Hathaway’s performance:“That keeps us from the temptation of seeing where the arrow of…
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