A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production. Unlike sales taxes, which are added to the selling price at the … Continued
Several months ago Facebook announced a plan to create a new, third class of nonvoting shares, designed to further strengthen Mark Zuckerberg’s voting control. According to the latest proxy information, he already holds approximately 60% of the voting power in a two class stock structure. A trial for a class action law suit, seeking to … Continued
Warren Buffett, speaking at an event to mark the 100th anniversary of Forbes magazine, suggested that the Dow Jones Industrial Average (DJIA) would be “over 1 million” in 100 years. One million may look like a big number, and it is, but it only assumes a compound average annual return of approximately 4%. Considering that … Continued
Search engines are a great method of accessing information. Just “google it” has become the “go to” way to find information on an infinite range of knowledge. But before Google, Yahoo and all the rest, there was the beauty shop. Case in point. More than 30 years ago, before the broad availability of search engines, … Continued
On September 7th, Equifax announced that the personal information of 143 million U.S. consumers was stolen from their servers. Hackers stole data that included full names, birth dates, Social Security numbers, and addresses. This breach is one of the largest, and some say most damaging, to date. We understand that there are a lot of … Continued
Does anyone really set out to make a bad movie? No, but many new movies, if not a majority, fail to gain consumer acceptance. The ability to successfully anticipate consumer acceptance is critical to corporate success and, therefore, to investors. Perhaps one of the better comments on this problem came from Steve Jobs, who is … Continued
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