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Happy Hour: QE Hints And Amateurs

Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of  money.

QE Hints

It’s the most anticipated event in years. When is it? How will it happen? What are the consequences? The idea that anything financial lasts forever usually gets people in trouble. While we all have our views of QE infinity or unending QE, I hope you didn’t take it literally. I vaguely remember folks believing the same with housing prices and dot-com stocks. But I digress. Continue Reading…

Stocks For The Online Streaming TV Evolution

Online Streaming TVThere was time when families would hunker down around the TV to watch the big show of the night. It was a bit more black and white back then, literally, and the only competition was radio.

The business model was simple – consumer get free media in exchange for advertisements during a show. Technology brought a few changes over the decades. The basic business model evolved with it. Cable companies emerged and for a monthly fee you could get more channels and shows. Those networks still got paid from advertising, only now they get a piece of the subscription fees too.

To that end, it’s been successful for the past decade. When given a choice between rabbit ears or the cable monopoly or duopoly, they pay. Continue Reading…

Happy Hour: BRK Meeting And Record Highs

Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of  money.

BRK Annual Meeting

Omaha filled its tourist quota last weekend with the highly anticipated Berkshire Hathaway annual meeting. It’s like a value investors theme park vacation with all the excitement and hoopla without roller coasters.

Of course, it wouldn’t be a BRK annual meeting without some Buffett and Munger highlights and general investing perspective. Out of all the information available, I came across three that summed it up the best. The first is a transcript of the Q&A session from Valuewalk. It’s worth the read just for the Munger quips. The second is a collection of takeaways and impressions from the meeting by other investors. The last is included below. Continue Reading…