Category Archives: Exclusives
How is a stock like an equity bond?
Warren Buffett described his philosophy of viewing stocks as ‘equity bonds’ in a 1977 Forbes magazine article and subsequently in a speech at Columbia Business School. In her book, Warren Buffett and the Interpretation of Financial Statements, Mary Buffett attributes the concept to Buffett, which is interesting considering that the title of her book is [...]
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Linkbait: the ‘dearth’ of news?
The media industry is locked in a struggle akin to the legendary competition between John Henry and the steam drill. If online upstarts such as The Huffington Post are the steam drill, the part of John Henry is played by the tired media behemoths of old: The New York Times, National Public Radio, and even, it seems, CNN. In our hearts, most of us want John Henry to win, but none of us expects him to survive the struggle. None of us, that is, except John Henry.
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Why do wages rise in a recession?