Talking Points: February 3, 2020

February 3,2020

“It gets worse faster than better quicker.” Yogi Berra

On January 19th, IBM’s stock rose $4.83. What makes its one-day gain so striking is that it exceeds the stock’s performance of $3.14 for the entire previous decade. On December 31, 2009, the stock closed at $130.90. Ten years later, on December 31, 2019, it closed at $134.04. Barron’s, January 23, 2020

In the five years between 2014 and 2018, Warren Buffett was America’s biggest philanthropist giving away $14.7 billion, or 16.3% of his net worth. His friends Bill and Melinda Gates gave $9.9 billion. Forbes, January 20, 2020

There are approximately 2,700 rules that govern Social Security benefits. Investment News, November 26, 2019

The billionaire founder of the Lotte Group, the fifth-largest conglomerate in South Korea, recently died at 97. Today, Lotte is a household name in South Korea, running 90 affiliates that together ​​generate 100 trillion won, or $86 billion, in annual revenues. He died without a will. The Economist, January 22, 2020

More than 1.6 million secretarial and administrative-assistant jobs have vanished since 2000, a decline of  almost 40%, comparable to that in manufacturing. The Wall Street Journal, January 18, 2020

“Fiction is life with the dull bits left out.” Clive James

Never miss another Talking Points. Sign up here 

Share this on: