Sales & Marketing news

• $3.7 BILLION HEDGE FUND: There's a lot to be excited about under Trump, but nobody's talking about it

  25-02-2017 19:55 via feedproxy.google.com
  
  You can add the $3.7 billion hedge fund Tourbillon Capital to the list of firms wary of betting on President Donald Trump's policies.
  "The next four years will be filled with a very wide range of outcomes," Jason Karp, founder of Tourbillon Capital Partners, wrote in a February investor letter reviewed by Business Insider. "We can confidently say after hundreds of man hours of research that it is highly unpredictable and unknowable."
  Karp said that making trades based on conviction over policy d
  
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• The Model 3 could be the worst thing that ever happened to Tesla (TSLA)

  25-02-2017 19:16 via feedproxy.google.com
  
  Small cars are in crisis in the US. Automakers struggle to make money on them, and increasingly consumers want big pickups and SUVs — vehicles that generate fat profits. 
  The smaller vehicles that customers are clamoring for are compact crossover SUVs. Automakers don't want to give up on small cars because they remember what happened the last time gas prices spiked and large vehicles fell from favor. But Trump-era politics are making it difficult to shift small-car production to cheap
  
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• Here are 25 books Wall Street will be reading this spring

  25-02-2017 18:21 via feedproxy.google.com
  
  Dave Lutz, the head of exchange-traded funds at JonesTrading, recently released his annual "Spring Break reading" list.
  Over 600 Wall Streeters around the world contributed to this list of great books for outdoor reading.
  From science-fictionthrillers to business profiles, the full list is stellar, but we're highlighting only the 25 most frequently mentioned books.
  The list includes short reviews of the books — occasionally by the person that recommended them&
  
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• How a tiny investment bank landed a role on Snap's giant IPO

  25-02-2017 17:55 via feedproxy.google.com
  
  Snap Inc, the parent company of Snapchat, is hoping to raise about $3 billion in its initial public offering.
  The offering is being compared to the likes of other big tech IPOs such as Alibaba, Facebook, and Twitter. And it could be one of the biggest in 2017.
  The list of underwriters for the initial public offering includes a number of prominent Wall Street firms including Morgan Stanley, Goldman Sachs, and JPMorgan. There's also a few lesser known firms on the list. 
  One su
  
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• Analysts slaps 'NEUTRAL' on Snap's stock ahead of its IPO

  25-02-2017 17:32 via feedproxy.google.com
  
  Snap Inc. took its initial-public-offering road show to London on Monday, looking to persuade potential UK investors to buy up the company's stock, but one London-based analyst remains "neutral" about the company's ability to drive upside beyond its initial price range of $14 to $16 a share.
  Atlantic Equities research analyst James Cordwell did not attend the presentation on Monday but spoke with clients who did. (Atlantic Equities is also not one of the banks underwriting Snap's IPO.)
  In a deta
  
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• How Americans really feel about their country on 33 key issues, and how that has changed over 40 years

  25-02-2017 17:11 via feedproxy.google.com
  
  Americans have strong opinions.
  And now with President Trump — who ran an antiestablishment and populist campaign to win the White House — set to give a speech to a joint session of Congress this Tuesday, we're taking a look at how they view some of the big issues facing the country, as well as the major institutions that make up American political and civic life.
  The "General Social Survey," a project of the independent research organization NORC at the University of Chicago, has b
  
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• Trump tweets wildly misleading comparison of the national debt in his first month to Obama's

  25-02-2017 16:31 via feedproxy.google.com
  
  On Saturday morning, President Donald Trump took to Twitter to point out a fact he thought the media was underreporting: the decrease in the national debt in his first month.
  "The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo[nth]," tweeted Trump.
  The tweet, which echoes something Herman Cain said on Fox News' Fox & Friends an hour before, doesn't make sense for a few reasons.
  First, it is true that the d
  
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• GUNMAKER CEO: People are buying guns because cops are backing off and crime is 'soaring to the roof' (RGR)

  25-02-2017 16:20 via feedproxy.google.com
  
  There's never been a better time to be a gun owner, according to gunmaker Sturm Ruger. 
  While he was campaigning, President Donald Trump promised voters fewer restrictions on assault-weapon sales. The National Rifle Association endorsed him as a candidate.
  And after he won in November, some analysts who cover the industry became concerned that gun sales would suffer, since prospective gun owners may drag their feet because they no longer fear a difficult buying process. 
  Stur
  
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• BUFFETT: 'A CEO whose focus is centered on Wall Street will be tempted to make up the numbers'

  25-02-2017 16:16 via feedproxy.google.com
  
  Warren Buffett's Berkshire Hathaway just published its annual letter to shareholders, and he took a moment to take aim at the practice of reporting adjusted earnings. 
  Earnings adjustments are common on Wall Street. Companies can, for example, back out certain costs by saying they're not likely to be repeated or not part of the "core" business. While businesses have to report unadjusted earnings, Wall Street analysts typically focus on the adjusted number.
  To Buffett, adjusted earning
  
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• BUFFETT: The hedge fund industry's biggest profits are going to managers, not their clients (BRKA, BRKB)

  25-02-2017 15:46 via feedproxy.google.com
  
  Warren Buffett is not a fan of hedge funds and the high fees they charge clients for the promise of outperformance. 
  "When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients," Buffett said in his annual shareholder letter published on February 25.
  He added that by his rough calculation, investors have wasted about $100 billion over the past decade in the search for superior performance.
  His conten
  
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• Warren Buffett just shared his best investment advice, and said the 'elite' have wasted $100 billion ignoring it

  25-02-2017 15:39 via feedproxy.google.com
  
  Warren Buffett's Berkshire Hathaway is out with its annual letter to shareholders.
  The letter covers a bunch of topics, touching on everything from stock buybacks to his favorite book of 2016, and also provides some investment advice. 
  "Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior," Buffett said in the letter.
  "My regular recommendation has been a low-cost S&P 500 index fund," he sa
  
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• Warren Buffett credits 'miraculous' America in part to 'tide of talented and ambitious immigrants'

  25-02-2017 15:25 via feedproxy.google.com
  
  Warren Buffett is still bullish on America.
  The Berkshire Hathaway CEO has long been a believer in the economic power of the American people and its institutions and that opinion does not appear to have changed in his 2016 Annual Letter to Shareholders.
  "One word sums up our country’s achievements: miraculous," said Buffett in the letter.
  "From a standing start 240 years ago – a span of time less than triple my days on earth – Americans have combined human ingenuity, a market s
  
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• WARREN BUFFETT: 'Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold'

  25-02-2017 15:23 via feedproxy.google.com
  
  One of the most quoted Warren Buffett-isms is "be fearful when others are greedy and greedy only when others are fearful."
  And in the most recent annual letter to shareholders from Berkshire Hathaway, the billionaire investor once again touches on that theme a couple of times.
  "Charlie [Munger] and I have no magic plan to add earnings except to dream big and to be prepared mentally and financially to act fast when opportunities present themselves," he writes in a section detailing what Berkshire
  
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• Here are Warren Buffett's most valuable investments (BRKA, BRKB, KO, AXP, AAPL, DAL, GS, IBM, PSX, LUV, WFC, HNZ)

  25-02-2017 14:56 via feedproxy.google.com
  
  Warren Buffett's investments continued to pay off in the fourth quarter, as Berkshire Hathaway reported a 15% rise in profits. 
  Buffett's holdings include a mix of subsidiaries like auto-insurer Geico, and publicly traded conglomerates such as Coca-Cola.
  The most recent regulatory disclosure of long positions, released in February, showed that Berkshire invested as much as $5 billion more into airlines. That brought its holdings in the industry Buffett once called a deathtrap to $
  
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• WARREN BUFFETT: This is the best book I read last year...

  25-02-2017 14:50 via feedproxy.google.com
  
  Warren Buffett's Berkshire Hathaway is out with its annual letter to shareholders.
  Near the bottom of the letter, the billionaire investor touches on his favorite reads of 2016.
  "The best book I read last year was 'Shoe Dog' by Nike’s Phil Knight," he writes. "Phil is a very wise, intelligent and competitive fellow who is also a gifted storyteller."
  He adds that Omaha, Nebraska-based retailer The Bookworm will have "piles" of the book, in addition to "investment classics by Jack Bogle
  
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• Warren Buffett just said this man has done the 'most for American investors'

  25-02-2017 14:38 via feedproxy.google.com
  
  Warren Buffett just published his annual letter to Berkshire Hathaway investors, and buried in the 29-pages is a shoutout to one Jack Bogle. 
  "If a statue is ever erected to honor the person who has done the most for American investors, the hands- down choice should be Jack Bogle," Buffett writes, adding:
  "For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who ha
  
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• BUFFETT: Stock buybacks are not 'un-American,' but buying back Berkshire shares has 'proved hard to do'

  25-02-2017 14:35 via feedproxy.google.com
  
  Warren Buffett wants to convince you stock buybacks are not the enemy.
  Over the past few years, prominent investment managers have decried the overuse of buybacks — in which a company buys its own shares — as the peak of short-term capitalism. Critics say they focusing on a near-term boost for shareholders over investments in assets that might yield long-term profits.
  Even Larry Fink, the CEO of the world's largest asset manager, BlackRock, has taken companies to task in ov
  
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• Amazon keeps reminding us that it's the most dangerous company in tech (AMZN)

  25-02-2017 14:30 via feedproxy.google.com
  
  There's a great part at the beginning of the movie "Raiders of the Lost Ark," where, in a moment of triumph, the villainous Belloq gloats to Indiana Jones that "again we see there is nothing you can possess which I cannot take away."
  If I were Amazon CEO Jeff Bezos, I would get this quote inscribed on a wall plaque in my office. 
  That's not to imply in any way that Bezos is a villain. But to his competitors, the Amazon CEO and founder is proving frustratingly adept at eating into
  
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• Berkshire Hathaway profits jump 15% (BRKA, BRKB)

  25-02-2017 14:19 via feedproxy.google.com
  Berkshire Hathaway reported a 15% jump in profits Saturday alongside Chairman Warren Buffett's famed annual letter. 
  During the fourth quarter, net income rose to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333, in the prior year. Operating earnings, excluding some investment outcomes, were $2,665 a share. Analysts had estimated an average of $2,717, according to Bloomberg.
  Berkshire's profits rose as Buffett's many investments in subsidiaries including the in
  
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