Wednesday, January 28, 2015
I'm not American but books like The Frackers make me proud to be a US ally! The book tells the story of a number of people who risked it all - their finances, their personal lives, their reputations - to chase their dreams. In so doing, as is the norm with capitalism as it is setup in the US, they increased the standard of living (by reducing the cost of energy) for not just Americans but for the whole world.
Friday, January 23, 2015
Monday, January 19, 2015
Friday, January 16, 2015
It would be fair to say that O2Micro (OIIM) is poorly managed. Tangible book value per share is at the same level at which it was 10 years ago, even though not a single dollar of dividend has been paid out in the interim. The company is losing money. But the stock price reflects this poor management, and the losses and then some, as the stock has fallen by 80% over the last 10 years, to trade at a huge discount to book value.
Friday, January 9, 2015
Adam Smith is well-known as a promoter of specialization and trade and the coining of the phrase "The Invisible Hand". But upon reading How Adam Smith Can Change Your Life, I recognize that the fact that these ideas were discovered by Smith was no fluke. Smith was a student of human behaviour and a very wise one at that.
Wednesday, January 7, 2015
When a company you follow has a new filing, you can now receive notifications by text (not just e-mail) at conferencecalltranscripts.org. As far as I know, that's the only site that provides that service, and it's free. It's also still the only site I know of that provides free notifications for Canadian company filings.