Three Underrated Reasons for Berkshire Hathaway’s Enormous Success

Three Underrated Reasons for Berkshire Hathaway’s Enormous Success

May 6, 2014 by Shane Parrish

Berkshire Hathaway is widely regarded as one of the most successful companies in the world. If you look at Warren Buffett’s 49 year track record with Berkshire, it almost looks easy in hindsight. Make no mistake, however, it wasn’t easy and he certainly didn’t do it alone.

image001 Read more of this post

THE TRUTH ABOUT APPLE: Steve Jobs Left Tim Cook Quite A Few Problems

THE TRUTH ABOUT APPLE: Steve Jobs Left Tim Cook Quite A Few Problems

JAY YAROW

MAY 3, 2014, 9:32 AM

A lot of people — myself included — have been critical of Tim Cook as CEO of Apple.  Read more of this post

This company wants to make your DNA untraceable

This company wants to make your DNA untraceable

By Kwame Opam on May 2, 2014 10:00 pm Email @kwameopam30COMMENTS

As the scope of the NSA’s bulk surveillance program becomes all too clear, less attention has been paid to the issues surrounding genetic information and surveillance. BioGenFutures, a new company-cum-art-project launched by information artist Heather Dewey-Hagborg, hopes to bring DNA surveillance back to the fore. The company just announced a product it calls “Invisible,” which endeavors to make it harder for authorities to trace left-behind DNA evidence back to people. Not only is the product actually launching to consumers, but Dewey-Hagborg believes solutions of its kind will be commonplace within five years. Read more of this post

A century of capital structure: The leveraging of corporate America

A century of capital structure: The leveraging of corporate America

John R. Graham, Mark T. Leary, Michael R. Roberts, 6 May 2014

During the recent financial crisis, not much attention has been paid to the indebtedness of non-financial corporations, as little is known about what drives their financing. This column looks at financial policies of non-financial corporations over the last century. It shows evidence that a primary factor affecting the amount of corporate borrowing is the amount of borrowing by the government. Government borrowing crowds out the ability of the corporate sector to borrow. Thus, policymakers should be cautious in altering government policies in an attempt to reduce corporate debt usage. Read more of this post

Blame the media, China property edition

Blame the media, China property edition

David Keohane | May 07 11:07 | 7 comments Share

The bank that brought “adaptive pricing” to the China property euphemism table just two weeks ago is getting quite a bit blunter.

We’ll spare you more charts today, but here’s a chunk or two from Citi’s Oscar Choi and Marco Sze who have been forced into a shower of scare quotes by weaker than expected April data (emphasis in original): Read more of this post

Alibaba Investors Will Buy a Risky Corporate Structure

Alibaba Investors Will Buy a Risky Corporate Structure

By STEVEN M. DAVIDOFF

MAY 6, 2014, 7:46 PM 5 Comments

Shareholders have been willing to take a lot of risk in their lust for Internet initial public offerings, but Alibaba’s I.P.O. may take that risk to a whole new level. The reason: Investors in the offering won’t have title to most of Alibaba’s Chinese assets because of Chinese prohibitions on foreign ownership. Read more of this post

Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices

Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices

Posted on May 6, 2014 by Yves Smith

You’d think regulators and the public would remember how badly California was burned by Enron’s electricity price manipulations, which cost each resident more than $1300 in higher energy bills, and would be eager to avoid a rerun. Read more of this post

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