Bill Gates Certainly Didn’t Tell Warren Buffett to Buy Shares of IBM

Oct 19, 2015
J. Webster
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Why is Warren Buffett buying so many shares of IBM? Did Bill Gates tell Buffett to buy shares of IBM? No, I'm sure if Bill Gates told Buffett to buy any tech stock he'd tell him to buy shares of Microsoft. But it looks like Warren Buffett should have stayed away from tech stocks, even IBM. So far his investment in IBM is a poor one. And Bill Gates certainly wasn't the one telling Buffett to load up on shares of IBM. In fact, Gates doesn't like IBM as a company - he said it wasn't even a tech company anymore.

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Oprah Is $80 Million Dollars Richer Today Thanks to Weight Watchers

Oct 19, 2015
J. Webster
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Oprah Winfrey bought a 10% stake in Weight Watchers today which caused the stock to go up over 114% and making her a cool $80 million dollars richer. I'm sure there a lot of other companies who'd like Oprah to buy a stake in their company.... And I thought the Oprah effect was all about books she suggested and her book club. For Oprah though, Weight Watchers isn't about losing weight it's about fatten her wallet....but I'm guessing her buying that 10% stake has some caveats to it, as in she can't flip her shares like a day trader. Who knew

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GoPro CEO Nick Woodman on Stephen Colbert

Oct 16, 2015
J. Webster
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Has GoPro's stock bottomed...? A year ago the stock traded at about $86 a share, now it's near $28. I have no idea if the stock has bottomed, but it might be close. What with Christmas around the corner are kids stockings going to be stuffed with FitBits, Apple Watches or GoPro cameras...? Is there another company that makes active wear type sports cameras....? This was quite the free advertising opportunity for GoPro, as founder and CEO Nick Woodman busted out all the GoPro cameras (including a waterproof camera one) for his interview with Stephen Colbert. Update:

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Joy Global Down the Devil Sign

Oct 16, 2015
J. Webster
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Joy Global is down 6.66% today. Not a good omen....I'm assuming this mining equipment manufacturing stock is down due to weak demand for Joy Global's mining equipment in China....but I've heard that, "In China the 666 is considered to be lucky and is often displayed in shop windows and neon signs. In China, 666 can mean "everything goes smoothly".....we'll see how this goes, but perhaps the bottom is now in for Joy Global? Not a bad dividend yield on this stock if they can keep paying it....

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Steve Ballmer Owns a 4% Stake in Twitter

Oct 16, 2015
J. Webster
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So does this mean Microsoft is going to try to buy Twitter? Google has already invested a great deal in Twitter through their partnership in search, so I doubt that they'd let Microsoft buy Twitter. But, if you're a Twitter shareholder, having the former CEO of Microsoft own a 4% stake in the company is only a good thing. At some point, either Twitter will succeed on its own or there will be a bidding war for the company. Here's Ballmer's tweet about how he likes Twitter and owns 4%.

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Yahoo Homepage Ads Say Buy Stocks & You’ll Get Rich

Oct 14, 2015
J. Webster
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So if you click on some of the get rich by buying stocks ads on Yahoo's homepage you'll never have to work again, right? How much are these advertisers paying Yahoo to be listed on their homepage like this? The ads all say they are "sponsored" posts. Why doesn't Yahoo just promote their actual Yahoo Finance section instead of these get rich/make millions by buying stocks ads? This ad about the pattern is incredible: "This Pattern Can Help You Make Millions in Stocks": And then there's the kid who still lives with his parents whose made it rich buying stocks.

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Netflix Blames New Chip Based Credit Cards

Oct 14, 2015
J. Webster
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You've heard of "Netflix and chill", but what about "Netflix and involuntary churn"....? So Netflix's stock was down nearly 15 points after hours today, but then popped back up as they begin talking in more detail on the conference call. Turns out Netflix said growth wasn't as good in the U.S. because people didn't update their credit cards and therefore didn't renew their Netflix membership....? Credit card companies are sending out new cards with computer chips in them to help prevent fraud, but if you have a Netflix account with that card number you have to update it....? Seems strange....perhaps you

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Ben Bernanke on the The Late Show with Stephen Colbert

Oct 8, 2015
J. Webster
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Stephen Colbert talks to former Fed Chairman Ben Bernanke about what would have happened if they hadn't bailed out the banks during the financial crisis, and whether or not it worked. At the end of the video Colbert asks Bernanke, "Is this the happiest you've ever looked." I'm sure ever day since leaving the Federal Reserve and saving the world from a Great Depression is pretty good day for Ben Bernanke.

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Michael Lewis Not a Fan of Palo Alto or Silicon Valley…..

Oct 8, 2015
J. Webster
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Michael Lewis doesn't want to spend too much time in Silicon Valley much less in Palo Alto. And I don't think the major of Palo Alto's going to be giving Mr. Lewis the key to the city anytime soon either.
"It's a nice place to visit, the streets are clean, and everybody's rich — it's hard to find something you love there."
And this comment about Silicon Valley in general, I don't think the actual autistic folks are going to appreciate this comment.
"It’s a cold place. It's basically a bunch of autistic people wandering around," Michael Lewis said on Bloomberg.

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Idea for Dick Costolo’s New Gig at HBO’s Silicon Valley

Oct 8, 2015
J. Webster
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So, yeah, I'm sure former Dick Costolo has plenty of ideas and suggestions for the writers of HBO's Silicon Valley based on all his years in the tech industry, but perhaps this interview Costolo did on CNBC early in the morning just after he resigned as CEO of Twitter could be helpful in a new episode for Silicon Valley. It was just after Costolo stepped down and Jack Dorsey stepped in as CEO. It's specifically their use of the word "cadence" a number of times in the interview....and then there's the part in the interview with CNBC's David

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