Happy Hour: Savings Promo Act And Munger

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Savings Promotion Act

Back in the day, apparently, everyone had bread but no toast. To fix this, and get people to save, banks gave away toasters. Okay, not really. But toasters and other kitchen items become giveaways for new account customers. Now, it seems, we’ve gone full circle. Continue Reading…

Happy Hour: Profitless Amazon and SPIVA

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Amazon Profits?

Too often, investors confuse little or no profits with not making money. As this post makes the case, Amazon has no problem making money. It makes piles of it.

Bezos uses all of it to test delivery drones, build phones, Kindles, warehouses, data centers, and whatever else he can come up with to grow market share and expand into new lines of business. Simply, Bezos believes the best use of capital is to plow it back into the business because it offers the best return on that money. Continue Reading…

Happy Hour: Taxman & Know What You Own

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Taxman Scam

As if the tax code isn’t hard enough deal with, there are tax scams you have to fend off too. You’d think common sense would prevail if it happened to you. The latest instance, reported by CNET, has scam artists impersonating an IRS agent, calling you, and threatening jail time if you don’t pay up. Continue Reading…

Happy Hour: End Of Summer

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Back to School

I’ll keep it short since it’s Labor Day weekend. For most of us, Labor Day marks the end the summer, the start of the school year, and the football season. Continue Reading…

Happy Hour: Heads I Win…

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

…Tails I Don’t Lose Much

I ran across a couple of things this week that are a great follow-up to yesterday’s post. First, Mohnish Pabrai gave a Talks at Google presentation back in July that’s worth watching (video is below). He’s a value investor and student of Buffett who also likes to stack the odds in his favor. Continue Reading…