In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
What’s more intriguing is that Uncle Warren himself seemed to confirm such speculations with a cryptic remark to MSNBC. After calling Exxon a “wonderful company,” he said, “We thought we might have other uses for the money.”
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The major reason Jack Ma will stay away from mass retail in the U.S. is that the cost of entering in the market could simply be too high. The revenue from a large-scale U.S. retail operation might not justify the cost of setting up such a venture.
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Hiltzik and The Baffler’s Helaine Olen pointed out that some of those conditions no longer exist. Today’s would-be Millionaire Next Door would likely graduate from college with a mountain of student loan debt, leaving him with little extra money to start a business and a strong incentive to stay in the cubicle farms. Low inflation, a booming stock market, and high real estate values also make it difficult for working stiffs to accumulate income earning assets.
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What is even stranger is you would have to sell almost four shares of Berkshire Hathaway’s Class B (NYSE: BRK.B)[3] stock to get enough money to buy one share of Google’s Class B stock (NASDAQ: GOOG). On March 10, 2015, one share of BRK.B was selling for $143.85, while one share of GOOG was selling for $559.44.[4]
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The assets are the connections to the port of Lazaro Cardenas on the Pacific and the track that connects it to Kansas City. The Kansas City Southern has a direct connection between those ports and America’s heartland.
Read MoreCostco’s same sales increased by 7% in January, and shopper traffic increased by 5.8% indicating that the retail recovery has definitely reached its warehouse. Meanwhile Sam’s Club’s sales without fuel grew by just 1.6% in the 13 weeks that ended on Jan. 30, 2015, and .5% during the year that ended on Jan. 30, 2015.
Read MoreGoogle has established a subsidiary called Google Compare Auto Insurance Inc. Google has established relationships with existing insurers, including
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A very dark horse contender for an eBay acquisition would be Berkshire Hathaway (NYSE: BERK.B). Uncle Warren is famously technology adverse, but eBay does meet some of his criteria: it’s a good company with a strong brand that’s well respected on Main Street but undervalued by the market. It also has a business model that generates a lot of float and cash—two of Buffett’s favorite things.
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The retail environment has changed dramatically because of the value shopper. Those investors that realize it and invest accordingly will profit.
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The median home prices indicate something else that we could be seeing: real estate deflation.
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