Warren Buffett’s annual letter reviewing Berkshire Hathaway’s performance is is out (.pdf). As always, it’s a highly accessible must-read not only for hard core investors, but for anyone interested in one of our generation’s great business minds. As venture capitalist Brad Feld succinctly states, “it’s good, interesting, fun and clever.” […]
Outlook
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The Boeing Company (NYSE: BA) won a lucrative contract from the Air Force on Thursday for aerial fueling tankers. According to the New York Times: Pentagon officials said decision was based solely on price. Boeing’s bid was more than 1 percent below that of its rival, the European Aeronautic Defense […]
Enterprise cloud computing company Salesforce.com, Inc. (NYSE: CRM), issued its 4Q 2010 results Thursday, reporting double digit growth in revenue resulting from a 27% improvement in total customers for the year. Summary results from the company’s press release include: Raises FY12 Revenue Guidance to $2.03 – $2.05 Billion Record Quarterly […]
Crocs, Inc. (NASDAQ: CROX), manufacturer of the eponymous resin footwear, issued its 4Q2011 earnings on Thursday, showing double digit growth in full year and fourth quarter earnings, as well as massive growth in its order backlog and cash position. From the company’s press release: “We had a good fourth quarter […]
Amazon.com (AMZN) announced the launch of a new feature for Amazon Prime members that allows for unlimited, commercial-free instant streaming of thousands of movies and TV shows. From AMZN’s press release: Millions of Amazon Prime members already enjoy the convenience of free Two-Day Shipping,” said Robbie Schwietzer, vice president of […]
Days between October 1 and December 31, 2010: 92 ExxonMobil (XOM) earnings for this period: $9,250,000,000 XOM earnings per day during this period: $100,543,478 Remember, this is earnings – not revenues. HT: Eddy Elfenbein
When buying a new car is cheaper than buying a used one – Edmunds.com The best time to buy an airline ticket – WSJ Don’t get an MBA – Philip Delves Broughton, The Economist Why we use debit cards instead of credit cards – David Evans
At the supermarket, why do we all get the sense that we made the wrong decision in choosing a slow checkout line? Turns out that’s actually true most of the time, and until they change the organization method you can mathematically expect this frustrating experience to repeat itself more often […]
Assange gave an interview to 60 Minutes’ Steve Kroft, which aired last night. Banking executives couldn’t have been pleased to hear this part:
Washington State’s O Bee Credit Union is running a local scavenger hunt based on Microsoft’s Tags (QR Codes) and will give away $15,000 in cash prizes to some who successfully capture all 30 tags on their mobile phones.
One important driver of what we’re seeing, via Global Macro Monitor: Egypt’s a nation with sustained 9+% unemployment, and around 40% of Egypt’s population of just under 80 million live on the income equivalent of roughly $2 per day (AFP). Meanwhile, food inflation in Egypt is running at about 17% […]