03 May 2013 Gamco's Gabelli on Berkshire Meeting, Strategy
Mario Gabelli, chairman and chief executive officer of Gamco Investors Inc., talks about this weekend’s Berkshire Hathaway Inc. annual meeting, the succession plan for Chairman Warren Buffett, and Berkshire’s investment strategy and stock.
01 May 2013 Here’s what Apple Computer’s insanely great bond offering has to do with the Federal Reserve
Investors are willing to lend Apple money for three decades for only about a percentage point more in interest than if they lent the same money to the U.S. government.
Whereas buyers of Apple stock at least get a claim on profits from whatever brilliant products Apple comes up with in the future, owners of their debt have no upside--only the downside that can come if the company were to default.
29 Apr 2013 Did life arrive on earth as microbes?
Leave the last word to the Monty Python "Galaxy Song": "And pray that there's intelligent life somewhere up in space 'Cause there's bugger-all down here on Earth."
23 Apr 2013 The key to growth? Race with the machines
As machines take on more jobs, many find themselves out of work or with raises indefinitely postponed. Is this the end of growth? No, says Erik Brynjolfsson -- it’s simply the growing pains of a radically reorganized economy. A riveting case for why big innovations are ahead of us … if we think of computers as our teammates.
18 Apr 2013 Newton's Apple
If operating margins go to 10%, which would be respectable for a manufacturing company and happens to be the long term average for Apple since 1992, let's see what Apple looks like...
15 Apr 2013 Gold hit by sharpest tumble in 30 years
Bill Gross of Pimco, the world’s largest bond fund manager, in February described gold as a “decent hedge” “OK, so I made a bad call,” he admitted in a tweet on Monday, but added that he “would still buy gold here”.
Some "safe haven"!
It's doubtful Bill Gross has any clue what gold is really worth, or Mike "Mish" Sherlock
for that matter. Mish, a gold bull, now suggests "everyone must do their own due diligence and assess market conditions before making investment decisions"! Exactly how do you do "due diligence" on gold or "assess market conditions"?
In reality gold is only worth what people say it is. It has no earnings and no intrinsic value. It's a useless metal. It's a greater fool investment.
12 Apr 2013 The Philosophical Breakfast Club
In 1812, four men at Cambridge University met for breakfast. What began as an impassioned meal grew into a new scientific revolution, in which these men -- who called themselves “natural philosophers” until they later coined “scientist” -- introduced four major principles into scientific inquiry. Historian and philosopher Laura Snyder tells their intriguing story.