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
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