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  • IAC's Tutor.com buys The Princeton Review  [View news story]
    Dear Ed:

    I think you missed the more interesting angle to this story. I'm not that familiar with the tutoring business but I would guess that Princeton Review's more similar and biggest competition is Kaplan, a division of Graham Holdings [formerly The Washington Post Co.]. And guess who one of the board members of Graham Holdings is? IAC's Barry Diller. Wonder how long he'll continue to be on the board of GHC?
    Jul 29, 2014. 08:55 PM | Likes Like |Link to Comment
  • New Wal-Mart U.S. CEO faces a long list of pressing problems  [View news story]
    Dear Ed: It's a cheap shot to label Walmart's comments about the effects of the economy and benefits on its customers as merely an "excuse". Perhaps you should take a look at real median household income in recent years.
    Jul 26, 2014. 10:09 AM | Likes Like |Link to Comment
  • Small caps: It pays to index  [View news story]
    "actually it is not. it is the same." Those short declarative sentences might fool someone into thinking that they had the truth of data behind them but I don't think so. Take any period? OK. 2008, when the market was going down. Principia says that roughly 80 of 180 "small cap blend" funds outperformed the ishares russell 2000 ETF. 80 out of 180 is a lot more than the 9 out of 139 the S&P person cites. My point is not that it is easy to outperform the indexes. The point is that it is misleading to pick a period when the market is only in a bull market rebound for a meaningful comparison of actively-managed versus the index.
    Jul 25, 2014. 06:10 PM | Likes Like |Link to Comment
  • Small caps: It pays to index  [View news story]
    If you selectively limit your time period to only when the stock market is going up, you obviously will find that many actively-managed funds will do less well, if for no other reason than the drag on performance from keeping part of the portfolio in cash. Over the complete market cycle, the story is probably different.
    Jul 25, 2014. 03:13 PM | 3 Likes Like |Link to Comment
  • Northrop Grumman misses by $0.18, beats on revenue  [View news story]
    Dear Ed:

    Doublecheck the press release on your revenue number.
    Jul 23, 2014. 07:25 AM | Likes Like |Link to Comment
  • Fed report depresses biotechs  [View news story]
    But negative real interest rates on a five-year treasury note?...No, we won't talk about whether that valuation is "stretched" ;-)
    Jul 15, 2014. 01:29 PM | 1 Like Like |Link to Comment
  • Mixed results for digital newspaper business  [View news story]
    Dear Ed: I believe it's taken the NYT almost 10 years to develop a pay model for it's website content that is commercially viable. I don't think that qualifies as "early results."
    Jul 10, 2014. 01:36 PM | Likes Like |Link to Comment
  • Banco Espirito Santo default fears weigh on global markets  [View news story]
    Not necessarily ridiculous...Some of the world wide financial collapse in the 1930's has been knowledgeably attributed to the financial problems of a Swedish match company.
    Jul 10, 2014. 09:39 AM | 1 Like Like |Link to Comment
  • China state-controlled TV accuses state-controlled bank of money laundering  [View news story]
    As in editor. Also note that keeping Chinese from shifting assets into foreign property also presumably serves the national interest in helping prop up the Chinese domestic real estate market.
    Jul 9, 2014. 04:02 PM | Likes Like |Link to Comment
  • China state-controlled TV accuses state-controlled bank of money laundering  [View news story]
    Dear Ed:

    If Chinese were 24% of foreign sales and 16% of total sales, that would mean that foreigners bought two-thirds of all U.S. real estate. First of all the NAR-related article is just referring to just residential real estate. Secondly the 16% refers to buyers/transactions, not "total real estate sales."
    Jul 9, 2014. 03:58 PM | 1 Like Like |Link to Comment
  • Merger hawk on FCC review board for AT&T-DirecTV, Comcast-TWC deals  [View news story]
    Good - it's probably not healthy to have so much influence over news and other programming being exercised by one family. JMHO
    Jul 8, 2014. 11:04 AM | Likes Like |Link to Comment
  • Handicapping the Aereo vs. Broadcasters SCOTUS case  [View news story]
    "the 'nuclear option' of moving all content to cable"?
    Does that mean that broadcasters would give up their license to broadcast on over-the-air channels?
    Jun 21, 2014. 08:39 PM | 3 Likes Like |Link to Comment
  • Starbucks cuts the cord  [View news story]
    You just misunderstood. Those tables were new and purposely "aged" to give it that old-world bistro look. Don't forget that SBX is going the wine and food route. Next up, the baristas will start acting annoyed and refuse to talk English, just like in Paris ;-)
    Jun 12, 2014. 06:41 PM | Likes Like |Link to Comment
  • France says BNP Paribas' $10B fine not reasonable  [View news story]
    Right your honor...please increase my parking ticket to $5,000 ;-)
    Jun 3, 2014. 07:46 AM | 3 Likes Like |Link to Comment
  • FCC backs neutrality proposal; Wheeler open to tougher rules  [View news story]
    Once again, you are talking theory [which I partly agree with] when the reality for the public is determined by things like negotiated municipal franchises. Here's a thought: when there are more than three ISP pipes upstream-and-downstream going into a house, deregulate it; for everyone else treat it as a utility.
    May 16, 2014. 01:33 PM | 1 Like Like |Link to Comment