I call him ‘Sweetie.’
He being Microsoft’s Chris Capossela, Chief Marketing Officer and Executive Vice President, Marketing and Consumer Business.
I’ve known him for quite a while and can attest to his being a really good guy.
I’ve known him from his birth, actually.
Why I call him ‘Sweetie.’
He just calls me ‘Dad.’
Today’s post (below) is a Microsoft piece combining their success with the need to help people.
Saturday, August 4th
This is my 116th consecutive daily posting.
Time is 5.21am and we’re expecting heavy rain for a good part of the day.
Today’s dinner is either at a friend’s or leftover roast chicken.
Word of the Day
belonging naturally; essential.
"access to the arts is intrinsic to a high quality of life"
synonyms: inherent · innate · inborn · inbred · congenital · natural · native · constitutional · built-in · ingrained · deep-rooted · inseparable · permanent · indelible · ineradicable · ineffaceable
What is ‘value investing?’
Find the answer just before today’s Post below. Partial answers for partial credits.
Edward Buffett, born August 30, 1930,) is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.
He is considered one of the most successful investors in the world and has a net worth of $84 billion as of June 3, 2018, making him the third wealthiest person in the world.
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska at the age of 19.
He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham.
He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham.
He created the Buffett Partnership after meeting Charlie Munger, and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway and assumed its name to create a diversified holding company.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and he has been referred to as the "Wizard", "Oracle", or "Sage" of Omaha by global media outlets.
He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.
Research published at the University of Oxford characterizes Buffett's investment methodology as falling within "founder centrism" – defined by a deference to managers with a founder’s mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.
Essentially, Buffett's concentrated investments shelter managers from the short-term pressures of the market.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.
He founded The Giving Pledge in 2009 with Bill Gates and Mark Zuckerberg, whereby billionaires pledge to give away at least half of their fortunes.
Today’s Movie Details:
“Wall Street” is a 1987 American drama film, directed and co-written by Oliver Stone, which stars Michael Douglas, Charlie Sheen, and Daryl Hannah.
The film tells the story of Bud Fox (Sheen), a young stockbroker who becomes involved with Gordon Gekko (Douglas), a wealthy, unscrupulous corporate raider.
Stone made the film as a tribute to his father, Lou Stone, a stockbroker during the Great Depression.
The character of Gekko is said to be a composite of several people, including Dennis Levine, Ivan Boesky, Carl Icahn, Asher Edelman, Michael Milken, and Stone himself.
The character of Sir Lawrence Wildman, meanwhile, was modeled on the prominent British financier and corporate raider Sir James Goldsmith.
Originally, the studio wanted Warren Beatty to play Gekko, but he was not interested; Stone, meanwhile, wanted Richard Gere, but Gere passed on the role.
The film was well received among major film critics.
Douglas won the Academy Award for Best Actor, and the film has come to be seen as the archetypal portrayal of 1980s success, with Douglas' character declaring that "greed is good."
It has also proven influential in inspiring people to work on Wall Street, with Sheen, Douglas, and Stone commenting over the years how people still approach them and say that they became stockbrokers because of their respective characters in the film.
Thank you, Wikipedia
Answer to the Quiz:
Value investing is an investment paradigm which generally involves buying securities that appear underpriced by some form of fundamental analysis, though it has taken many forms since its inception.
It derives from the ideas on investment that Benjamin Graham and David Dodd began teaching at Columbia Business School in 1928 and subsequently developed in their 1934 text Security Analysis.
As examples, such securities may be stock in public companies that trade at discounts to book value or tangible book value, have high dividend yields, have low price-to-earning multiples or have low price-to-book ratios.
High-profile proponents of value investing, including Berkshire Hathaway chairman Warren Buffett, have argued that the essence of value investing is buying stocks at less than their intrinsic value.
The discount of the market price to the intrinsic value is what Benjamin Graham called the "margin of safety".
The intrinsic value is the discounted value of all future distributions.
However, the future distributions and the appropriate discount rate can only be assumptions. Graham never recommended using future numbers, only past ones.
For the last 25 years, Warren Buffett has taken the value investing concept even further with a focus on "finding an outstanding company at a sensible price" rather than generic companies at a bargain price.
Graham never used the phrase, "value investing" — the term was coined later to help describe his ideas and has resulted in significant misinterpretation of his principles, the foremost being that Graham simply recommended cheap stocks.
So I sent my Microsoft tech support an advance of Chris' posting [below] for his response. And in answer, sent me this.
I am surprised to what degree Microsoft [and I'm sure other large corporations] take social responsibility seriously.
No cynicism, please.
Give the devil his due.
from Chris Capossela, Microsoft
Chief Marketing Officer and Executive Vice President, Marketing and Consumer Business
Chris sent this link to a list of friends, me being among them, him saying:
“Thought you guys might enjoy this one.”