Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Goldman Sachs has dropped Apple off its list of must-own companies. Goldman-Saschs is not alone. Why? Because the company has ceased to offer hot new products. When Steve Jobs died, I said this would happen on October 11, 2011. You can read my article here. Here is what I wrote: What goes up eventually falls [...]
Continue reading →The CEO of J. C. Penney just had his pay cut by 98%. How much will he be paid? About $2 million. This means he was being paid over $50 million. Why did anyone think he was worth this much? He ran the struggling company’s profits into the ground. He ruined its original marketing position [...]
Continue reading →Byron Reese had a goal: to speak at a TED conference. He achieved it. He is an entrepreneur. He has started several companies. One of them, “Expert Village,” he sold to eHow. He had two ideas (pre-YouTube). “First, bandwidth will get cheaper. Second, Americans don’t like to read.” The result: Expert Village. It is a [...]
Continue reading →A major casino just filed for bankruptcy. It was going to be a resort casino. No smoking. Ten swimming pools. “Ain’t we got stuff?” No, you ain’t. The investors of $2.4 billion just lost all their chips. “Round and round it goes. Where it stops, nobody knows.” Atlantic City will remain what it has been [...]
Continue reading →The Philips Company, a Netherlands giant, is best known in the USA for the Norelco electric razor. It has sold off its consumer electronics line. Fifty years ago, Philips introduced the audio cassette. It could no longer compete with Japan in the consumer electronics market. The head of the company said that the DVD, even [...]
Continue reading →The chart tells all. From over $700 to $450: this is a disaster. Simple: regression to the mean (RTTM). The poor saps on Wall Street never saw it coming. The funds loaded up. Here was a sure thing. It could not lose. Here is a recent article on what happened: How Apple Ate Wall Street. [...]
Continue reading →This video is amazing. It’s not just the quality. It’s the creativity. When people are left alone to follow their hunches, wonderful things can happen. Here is the division of labor in a unique application. We never know when an idea will hit. When it does, we should be ready to pursue it. These guys [...]
Continue reading →Duck Dynasty is about business — big business, bottom-line, keep-customers-happy business. It’s about repeat business. And it’s all based on guns. It’s about family — just no family that anyone has ever seen on TV. This is not Ozzie & Harriet. It’s about redemption. The patriarch, Phil Robertson, was a drunken lout. He left his [...]
Continue reading →Walmart and American Express have teamed up to provide a debit card program for Walmart shoppers. The card will be called bluebird, as in “bluebird of happiness.” Their targeted market is poor people who do not have bank accounts. No one in the banking industry wants them. So, Walmart spotted an opportunity. A poor person [...]
Continue reading →They are unemployed as never before, but they have not given up hope. A British newspaper has a cogent analysis of the attitude of this generation. It would be best to see some scientific polling to verify this, but the overall assessment seems accurate. Adam Lent writes as follows. A recent poll of Americans aged [...]
Continue reading →