Investing

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Big corporations and Robinson Crusoe have opposite problems

I’m reading The Dao of Capital by Mark Spitznagel. The main idea of the book is that in order to win in the long term, you have to lose in the short term. You have to follow a “roundabout” path to success. Spitznagel’s telling of the story of Robinson Crusoe To demonstrate his point, Spitznagel uses
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Apple CEO Tim Cook's verbal jiu-jitsu

Apple reported its financial results for the most recent quarter on Tuesday. The most anticipated piece of news was its update on iPhone sales. Apple sold about 5% fewer phones, and generated about 13% less revenue, than it did in the same quarter last year. That’s not good news. The art of earnings calls  I really
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GE is helping Saudi Arabia transform its economy

The Wall Street Journal reported Monday that General Electric is planning to invest $1.4 billion in Saudi Arabia. GE is joining with other investors to pursue opportunities in energy, water, and aviation. I find this news particularly interesting when I contrast it with Jeff Immelt’s commencement speech last week. Immelt, the GE CEO, noted that
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What could kill Coca-Cola?

Hadley Malcolm published an article yesterday for USA Today titled “5 ways Coke is battling fizzing soda sales”. I learned something interesting about Coke’s evolving strategy from the article: the company established its own venture capital firm for investing in beverages startups. Coke’s venture capital play Coke calls this element of their business Venturing & Emerging
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