Value investors typically maintain a long term focus but it is a rare to find anyone who entirely ignores quarterly results. The second quarter was ugly with the Dow Jones Industrial Average falling 10 percent and the S&P 500 falling ...
Earlier this week, Noble Corporation announced that it has entered into an agreement to acquire Frontier Drilling in a cash transaction valued at $2.16 billion. Frontier is a privately held independent drilling company with a fleet of three dynamically positioned ...
When Nick Swinmurn initially pitched his idea for an online shoe store, Tony Hsieh thought it sounded like "the poster child of bad Internet ideas." Intuitively, it seems obvious that customers prefer to try on shoes prior to making a ...
When Apple unveiled the iPad in late January, many observers speculated that Steve Jobs may be on the verge of delivering a device capable of saving newspapers from an inexorable decline. It is difficult to visit an Apple Store to ...
France was eliminated from the World Cup today after losing to South Africa. This was welcome news in Omaha given Berkshire Hathaway’s $30 million exposure to a French victory in the World Cup. Warren Buffett discussed the unusual bet in ...
U.S. District Judge Martin Feldman overturned the Obama Administration's six month deepwater drilling moratorium this afternoon citing the "immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy ...
The Economic Times of India has reported that Berkshire Hathaway is making a modest entry into the Indian insurance market through a purchase of a corporate agency. Berkshire will set up a wholly owned subsidiary in India which will operate ...
Most of the headlines over the past week regarding the Deepwater Horizon disaster have focused on the $20 billion escrow account that BP was forced to set up for victim compensation. However, the far more important development from a public ...
Warren Buffett worked in relative obscurity for most of his early career, but his success began to attract significant attention by the 1970s. While Mr. Buffett had not reached celebrity status at that point, dedicated readers of business publications such ...
Value Line Investment Survey is one of the best ways to gain exposure to a large number of companies in an efficient manner. Value Line provides stock screening tools but the strength of the service is in the information packed ...
Tony Hsieh is known for taking an unconventional approach to management. Nothing proves this point more clearly than his standing offer to pay new hires at Zappos $2,000 on their first day of work if they agree to quit. The ...
We are pleased to announce a special offer for students who wish to purchase The Rational Walk's Berkshire Hathaway 2010 Briefing Book which was released on February 28. The regular price of the book is $24.95, but students may now ...
Last Friday, we presented a profile and analysis of Ensco plc. At that time, the latest fleet status report was dated May 14, 2010 and was nearly a month old. The company provided an updated fleet status report (pdf) today ...
On Thursday, June 17, BP CEO Tony Hayward will testify before the House Committee on Energy and Commerce. In preparation for the testimony, the Committee Chairmen sent Mr. Hayward a letter listing a series of alleged procedural lapses that could ...
Ensco International plc is an offshore contract drilling company that provides services to oil majors and independent oil exploration firms. The company has historically focused on jackup rigs designed for relatively shallow water but has devoted the majority of capital ...
Whitney Tilson is convinced that BP is simply too cheap to ignore at current valuations. Given the steady stream of negative headlines due to the massive Deepwater Horizon oil spill, BP shares are quickly approaching a 45 percent discount to ...
Roger Lowenstein did not succeed in being first to market with his book on the financial crisis. However, it is fair to say that The End of Wall Street represents one of the best portrayals of the events leading up ...
Steve Eisman's accurate predictions during the subprime mortgage bubble, as profiled in The Big Short, have prompted investors to take notice regarding his recent criticism of the economic model of for-profit universities. Mr. Eisman's presentation at the Ira Sohn Investment ...
In recent days, we have posted a number of articles regarding the oil industry with a focus on the implications of the Deepwater Horizon disaster. The Financial Times published a graphic that illustrates current activity in the Gulf of Mexico ...
Early this afternoon, the Washington Post reported that the Minerals Management Service had rescinded five shallow water permits through emails indicating that all drilling permits would not be approved regardless of water depth. Soon after the story broke, the Interior ...