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If you invested $1 in this stock back in 1968 it would be worth around $7,000 today – returning over 20% a year for nearly 50 years. No, this isn’t another story about buying Warren Buffett’s holding company, Berkshire Hathaway, back in the day and getting rich. This is about buying cigarettes… In
One of the greatest investors in the world is getting worried… Howard Marks is the billionaire founder of Oaktree Capital, one of the largest and most successful investment firms in the world. A few times each year Marks write up his thoughts about financial markets– he calls them ‘investment memos’. And he just
Last night Netflix executives announced that a record 104 million people worldwide now subscribe to its service. This number handily beat what analysts were expecting, and the stock SURGED nearly 9% to an all-time high. Netflix is now trading at more than 200 times earnings. Look, I like Netflix. House of Cards is
Pop quiz: What country has the world’s best performing stock market? It’s not the United States. Or Canada. Or China. The answer is Venezuela, whose primary stock market index over the last year is up nearly SEVEN FOLD, from 11,700 last summer to a record 72,700 today. It’s amazing that a country where
File this one away under “Completely Obvious…” Last night the parent company of Snapchat reported a quarterly loss of more than TWO BILLION dollars. Snapchat, of course, is the photo-focused social networking app that’s adored by tweens and adults who still live with their parents. (Talk about a lucractive demographic.) The company IPO’d
You’ve probably heard the saying “The Early Bird Gets the Worm. . .” It turns out that expression is completely wrong, both literally and figuratively. This morning I was watching these new baby chicks run around and play on the lawn. If you’ve never seen chickens up close and personal, their lives are
[Editor’s note: This letter was written with Tim Price, London-based wealth manager and co-founder of Price Value Partners.] It was just over two years ago that “The Grilled Cheese Truck, Inc.” began trading in the US stock market under ticker symbol GRLD. GRLD was exactly what it sounds like– a truck that sells
