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Category Archives: Stockblog

Unfortunate Fortune: Shockingly Pathetic Stock Picks from 2000

It’s Fortune magazine, August 2000, Special Investors Issue, Retire Rich
Article: 10 Stocks to Last the Decade
And here’s the list:

Stock
Ticker
Price
P/E
Comment

Broadcom
BRCM
$237
255
Maker of chips used in the next generation of entertainment devices

Charles Schwab
SCH
$36
56
Former discount broker that has grown up along with its boomer clients

Enron
ENE
$73
51
Biggest online broker for coal, oil, and gas; next up — broadband

Genentech
DNA
$150
128
Offers a huge pipeline [...]

So does this mean they prefer unfair value?

Why CFOs Hate Fair Value
The theory of fair value is that a company’s financial statements are most useful to investors if the company’s assets and liabilities are constantly reported at market value. Traditionally, companies reported their assets and liabilities at historic cost—that is, what they paid for them.

Not so great speculations

5 Ways to Go Broke Getting Drunk
When does a shot of scotch cost $3,300? When the bottle’s going for $38,000 and hits $75,000 in a bidding war. Amazing Google capability: Enter ‘number of shots in a liter’ into Google Toolbar and before you hit enter AJAX serves up the answer of 22.5426817 shots, which [...]

George Soros as God

The more George Soros talks, the less people care what he thinks.