Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Long IdeasStocks

American Express: Apple Pay Coming to Canada and Australia This Year

The release stated that Amex card members are “expected to be the first to use Apple Pay in Canada and Australia beginning this year.”

Read More
Market Insanity

Sirius XM Shows Us How to Create Float

Pandora has effectively been buying likability by giving a fairly expensive product that it pays for—music—away for free. As I pointed out earlier, The New York Times reported that Pandora paid $446 million in music royalties in 2014.

Read More
The Death Spiral

Staples Struggles to Survive

Staples reported online sales of $10.4 billion in 2013, making it a very profitable online retailer. Unfortunately, it is a very profitable online retailer that is saddled with a very unprofitable chain of brick and mortar stores.

Read More