A 10k means different things to different people. For some, to use what I think is a British term, it's a footrace. If you're thinking rings, it's a measure of the purity of gold. For others, a not-so-breezy 100+ page annual report that's filed with the ...
Time Frames and Adjusted EBITDA
Corporate earnings calls are dry but can be entertaining. There are the rare "boring boneheaded questions are not cool" Elon Musk type comments. There was a lively moment yesterday on FedEx's earnings call when a Deutsche Bank analyst started the Q&A ...
March’s Index
As a tip of the hat to the beautiful Harper's Index, here is the March Index on cool, interesting, and thought-provoking stats related to healthcare and finance. Change in hospital discharges per 1,000 in the US since 1999: -10%. Hospital discharge ...
Healthcare Advice On An Index Card
Harold Pollack is a University of Chicago professor famously said: "that the best (financial) advice for most people would fit on an index card." He and writer Helaine Olen ironically wrote a whole book The Index Card: Why Personal Finance Doesn't Have ...
On Tailwinds
Anyone who wants to understand business should read Warren Buffett's letters*. All of them. Even his partnership ones when he was in his 30s. I read them about 10 years ago, and continue to intellectually salivate near the end of February when a new one i ...