Economist Michael Spence won the Nobel Prize for his theory of signaling. In this short video from Big Think, he explains how it’s applicable to someone trying to win over a love interest:
Outlook
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Exchange traded funds (ETFs) have surged in popularity in large part due to the low fees they promise for access to investable indexes. But many ETF investors pay much higher fees than what’s apparent from the advertised expense ratio, finds Paul Amery of IndexUniverse (“Beyond the Expense Ratio” Yahoo Finance, […]
Have you ever been in a buying situation where you think in principle the merchant should be wide open to haggling, but then they pull out some piece of Objective Information (eg. a nicely formatted and laminated price sheet) that has the effect of anchoring the price in their favor? […]
Billshrink put together this nifty infographic: punch in your year of birth and see how much it cost at that time for some basic American consumer commodities:
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.” […]
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