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Dispatch from Davos: Where are the Chinese?
For the first time since anyone can remember, China has not sent a high level official to this Alpine gathering of the world's top leaders and business titans.
By Brian Dumaine, senior editor-at-large
FORTUNE -- Whispered in the halls of the World Economic Forum's elegant Congress Center this year: Where are the Chinese? For the first time since anyone can remember, China has not sent a high level official to this Alpine MORE
Jan 26, 2012 1:55 PM ET -
Meet Ted Weschler: Buffett auction winner, Berkshire's new hire
The newest addition to the Berkshire Hathaway investing team came to Warren Buffett's attention in a surprising way.
By Carol J. Loomis, senior editor-at-large
FORTUNE -- It is surely unprecedented for a person to spend $5,252,722 to get a job, but in a funny way, that is precisely what Ted Weschler, of Charlottesville, Virginia, did. The details, in all their improbability:
Warren Buffett announced this morning that Weschler, 50, the highly successful managing MORE
Sep 12, 2011 8:35 AM ET -
Bet against the consensus at your own risk
Negative bets against U.S. stocks are at levels not seen since September 2007, one month before the S&P 500 peaked. Consensus bets are usually a contrarian indicator, but not necessarily this time around.
By Daryl G. Jones, Hedgeye
In financial markets, consensus is typically what astute stock market operators invest against. That is, if the crowd has a similar view of an asset or asset class, that asset or asset class will MORE
Sep 8, 2011 10:42 AM ET -
The U.S. economy needs to break its stimulus habit
Despite what various politicians and experts say, real productivity gains and real economic growth do not come from stimulus. By Richard Rumelt
Aug 2, 2011 11:28 AM ET -
The really, really, really long-term record for GE
By Carol Loomis, senior editor-at-large
The Dow Jones average turns 115, and the only company there at start and finish gets mathematically measured.
FORTUNE -- This month marks the 115th anniversary of the Dow Jones Industrial Average and a related milestone for General Electric. The media turning up for a DJIA celebratory lunch two days ago learned that GE (GE) is the only company present in the average at its start in 1896 MORE
May 13, 2011 1:26 PM ETPosted in: Dow Jones Industrial Average, General Electric -
Eddie Lampert, Dementor
Like the soul-sucking creatures in Harry Potter, the investor has left little life in Sears. Should Gap be panicking?
By Kit R. Roane, contributor
FORTUNE -- Eddie Lampert has long been known as a value-investing wizard. So why has he sucked the life out of Sears?
Things have been so bad for so long at Sears Holdings Corporation (SHLD), which includes the iconic brands Sears and Kmart, that shareholders could be forgiven for doing a double-take when MORE
May 12, 2011 8:18 AM ET -
Why new households won't create a housing demand boom
Even if Americans start creating new households, there are a lot of other factors to weigh before assuming the housing market will improve. By Joshua Steiner
May 11, 2011 1:30 PM ET -
4 reasons to fill up on Dr Pepper Snapple
Cash flow connoisseur Bob Olstein of Olstein All Cap Value sees the beverage company as an undervalued gem.
By Scott Medintz, contributor
FORTUNE -- Bob Olstein likes companies with strong brands that generate lots of free cash flow. He's used that approach in his Olstein All Cap Value Fund (OFAFX) to return 10.2% a year since 1995, vs. 7.5% for the S&P 500. In 2009 it led him to beverage maker Dr MORE
Scott Olster, editor - May 11, 2011 5:00 AM ETPosted in: beverages, Bob Olstein, Coca-Cola, Dr Pepper Snapple, investing, Olstein All Cap Value Fund, pepsico -
Baby steps toward a free-trading Chinese currency
The once locked down renminbi is starting to get traded outside the mainland. Why now?
By Katherine Ryder, contributor
FORTUNE -- Will the renminbi be sold at a bank near you? Perhaps not immediately, but a push to open up overseas trading of China's notoriously restricted currency does seem to be underway.
In a late-April move that drew significant attention, Singapore bid to become the first offshore trading hub for China's currency, the MORE
May 10, 2011 10:04 AM ET -
From Harvard success story to accused insider trader
Samir Barai won the admiration of many, having overcome a severe disability to achieve business success. Yesterday, the 39-year old hedge fund manager became just another Harvard MBA charged with a crime.
By John A. Byrne, contributor
(poetsandquants.com) -- When Samir Barai graduated from Harvard Business School in 1999, the world seemed filled with opportunity. It was not only the height of the dot-com boom; the dollars also were falling on MBAs MORE
Feb 9, 2011 3:20 PM ET
