Berkshire 2011: Munger’s Revenge
Well, some things have certainly changed here in Omaha at the Berkshire Hathaway annual shareholder meeting.Most striking, the crowd seems a trifle thinner than last year—not by a lot, and maybe not at all, but certainly the growth in attendance has ...
Shooting Leo the Messenger
We here at NotMakingThisUp have long noted in these virtual pages that Hewlett-Packard was about as good at manipulating Wall Street's Finest as it was in manipulating printing ink, thanks to the wonders of the type of aggressive "Non-GAAP" accounting ...
Shooting Leo the Messenger
We here at NotMakingThisUp have long noted in these virtual pages that Hewlett-Packard was about as good at manipulating Wall Street's Finest as it was in manipulating printing ink, thanks to the wonders of the type of aggressive "Non-GAAP" accounting ...
A Very Un-Buffett-Like Acquisition
The Microsoft acquisition of Skype, in which Microsoft reportedly outbid the supposedly free-spending folks at Google by 100%, may prove an act of exquisite genius.But we have our doubts.Compare the $8.5 billion Microsoft is spending for Skype's $860 m...
A Very Un-Buffett-Like Acquisition
The Microsoft acquisition of Skype, in which Microsoft reportedly outbid the supposedly free-spending folks at Google by 100%, may prove an act of exquisite genius.But we have our doubts.Compare the $8.5 billion Microsoft is spending for Skype's $860 m...
Say It Ain’t So, Warren
Q. Is there a question about the right way for publicly traded companies to report financial information?A. I think the principles are cut and dried. The problem often lies in the interpretation of the principles. The basic principle is that anything,...
Say It Ain’t So, Warren
Q. Is there a question about the right way for publicly traded companies to report financial information?A. I think the principles are cut and dried. The problem often lies in the interpretation of the principles. The basic principle is that anything,...
Say It Ain’t So, Warren
Q. Is there a question about the right way for publicly traded companies to report financial information? A. I think the principles are cut and dried. The problem often lies in the interpretation of the principles. The basic principle is that anything...
Best Buy: Betting on the Taxman
The third most interesting aspect of Best Buy’s earnings call yesterday, at least as far as anyone paying attention to the price spread on many of the products sold at Best Buy versus the price available on Amazon.com, was CEO Brian Dunn’s extended...
HP Makes it Up: Wall Street Cheers
Well, Hewlett Packard finally gave Wall Street’s Finest what they wanted.
Ever since Mark Hurd’s unceremonious dismissal, WSF have been pestering HP to define itself and its prospects, in much the same way that IBM defines itself and its prospect...
HP Makes it Up: Wall Street Cheers
Well, Hewlett Packard finally gave Wall Street’s Finest what they wanted.
Ever since Mark Hurd’s unceremonious dismissal, WSF have been pestering HP to define itself and its prospects, in much the same way that IBM defines itself and its prospect...
Best Buy Part II: “Great Write-Offs, Guys!”
Wall Street loves a good write-off, and, sometimes, for good reason.After all, stocks (and even, at times, Wall Street’s Finest) often anticipate news well in advance of when a company management team actually wakes up and smells the coffee—as, for...
