What Makes Amazon.com So Great
Business Week has an awesome cover story on Amazon.com this week and its founder, Jeff Bezos. Here’s a story that lets you know what kind of company he is running: Within Amazon.com (AMZN) there’s a...
View ArticleWhy a Higher Dividend Yield Doesn’t Tell the Entire Story
“We never stretch for yield.” – Warren Buffett Annaly Capital Management (NLY) is a mortgage real estate investment trust company. They own real estate properties and pays out the majority of their...
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A Painful Year for Contrarian Trades
There’s been something of a bull market in people who consider themselves a contrarian investor in recent years. People took notice of those who called the tech bubble in the late-1990s, the the real...
View ArticleWill Berkshire Hathaway Eventually Get Broken Up By Activists?
A couple weeks ago I had the chance to listen to hedge fund manager Jeff Gramm give a speech about his book Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism. It’s one of the most...
View ArticleAmazon is Eating the Retail World
I think over the holidays my house set a new world record for most consecutive days of Amazon deliveries in a row. I buy everything from Amazon — clothes, shoes, books, technology, cleaning supplies,...
View ArticleA Good Lesson For Millennial Investors
“Experience is what you got when you didn’t get what you wanted.” – Howard Marks The Snapchat IPO has done something most finance books, personal finance experts or nagging parents could not — it got...
View ArticleDon’t Be Fooled By High Dividend Yields
One of the market myths I covered in my book is that a higher yield makes something a safer or better investment. Income alone doesn’t tell the entire story. You have to look at total return and the...
View ArticleSimple Business Models
I’m a big believer in the idea that simple beats complex so I’m always on the lookout for examples of this in the business world. I love the back story on Five Guys, the fast casual burger place. On...
View ArticleWhy Cities Survive & Companies Die
Vienna, Austria is one of my favorite cities on the planet. I spent an entire summer living and studying there in college. It was one of the best experiences of my life. Our classrooms were located in...
View ArticleThe Great Reckoning in Retail
Next Thursday is our EBI Conference in New York City. The line-up for the conference is stacked — Liz Ann Sonders, Cliff Asness, Jason Zweig, Tim Buckley, Jim Ross, and a whole bunch of other...
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