2013 August 6 / Leave a comment
By now you’ve heard that the iconic Washington Post, the newspaper that toppled Richard Nixon from the presidency in 1974, was sold at a pittance (relative to what it would have been 15 years ago) to the very wealthy and very capable founder of Amazon, Jeff Bezos. I can’t tell you what will happen, but […]
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2013 July 15 / Leave a comment
If you’re running a company — a real one or a startup — you’ll want to remember the story of Fred Futile, CEO of Stagnant, Inc. The compensation committee of Stagnant, Inc. saw fit to award Fred stock options equal to 1% of the shares then outstanding. This was intended to give Fred an owner-like […]
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2013 July 8 / Leave a comment
Warren Buffett defines a “gruesome business” as one that requires a lot of capital and produces a low rate of return. Is real estate gruesome? Let’s see: Does it “require significant capital to engender … growth” (WB, 2007; PB p. 14)? Yes. The median home price in America is about $220,000. The average rent is […]
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