Tuesday, November 11, 2014

Mayonnaise


  1. The US mayonnaise market is a $2 billion a year affair--and it's double the size of the ketchup market (Yahoo Finance).
  2. It is possible for a group of people to purchase $9.3 billion worth of stuff in a single day (BBC News)--on Single's Day, November 11 (11-11), which Alibaba has single-handedly turned into the biggest shopping day on the planet.
  3. This week's call from Warren Buffett, the Sage of Omaha, on how to invest: 1) Don't worry about volatility "A lumpy 15% return over time is better than a smooth 12%" 2) Keep good company "Companies obtain the shareholder constituency that they seek and deserve" 3) Keep your focus "Value can stagnate in the presence of hubris or of boredom that causes the attention of the manager to wander" 4) Keep costs low

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