Lo Wells Fargo

Well sometimes you just have to smile. I posted a guide to the first quarter earnings season yesterday and I specifically mentioned financial firms, as well as the lack of pre-announcements. Enter:Wells Fargo. They have pre-announced this morning that they had a...

A little financial analysis lesson

Hello everyone! In this post I wanted to highlight for each of you one of the moments that always catches my attention as an investor. Namely, when a successful business decides to branch out into an entirely new field. Because this sort of thing is so common, it is...

First quarter earnings season guide

So the 1st Quarter for most U.S. companies ended on March 31st. Back in olden days it would take companies a long time to close their books and so most of them would report their earnings about 6 weeks after the close of the quarter. But with today’s super...

Secret of long-term economic success

Wow! That’s a bold title. Right? Let’s distill it all down to principles shall we? The model for long-term economic success is: income > spending = savings (or investments) savings/investments are directed to places where benefits > costs And that is...

Research & development spending continues

I hope that everyone’s weekend was outstanding! Waaaay back when the blog was in its early days I had said that strong, well-managed businesses typically behave in a rational way, even if their investors do not. That meant that there would be opportunities in a...