kottke.org posts about stock market

A quick study shows that stocks ofMay 30 2006

A quick study shows that stocks of simply named companies do better than those of more complexly named companies. Even companies with pronounceable ticker symbols did better than those with unpronounceable symbols.

CEO pay and perks can be aFeb 08 2006

CEO pay and perks can be a good indicator of how healthy a business is, so it makes sense that investors are interested in just exactly how much chief executives make. "We shouldn't expect to see a dent in executive compensation anytime soon. But in the long run companies that don't balance pay with performance tend to suffer where it matters most -- in the stock market."

On the day that Apple announced theirJan 11 2006

On the day that Apple announced their first Intel-based computers, their stock price closed at $80.86. Spooky. (via df)

Investing is risky?Oct 12 2005

From a Washington Post article about google.org, Google's philanthropic effort:

Shareholder activists said Google's charitable commitment raises questions about whether this is an appropriate use of company cash or whether company founders Sergey Brin and Larry Page ought to make donations to their favorite causes personally. The foundation of Bill Gates, the founder and chairman of Microsoft Corp. and the nation's richest person according to Forbes, gave away more than a billion dollars last year to fight poverty, hunger and disease around the world. But Gates donates through a personal foundation, rather than through Microsoft itself.

"The board of directors should make it clear to the company's founders what should be personal and what should be corporate," said Patrick S. McGurn, special counsel to Institutional Shareholder Services Inc. "Google is spending shareholders' money, and it raises questions if there is not a valid corporate purpose."

Shareholder activists? You've got to be kidding me. You'd think that stock shareholders are a bunch of babies that need their noses wiped and hands held to go potty or something. If you don't want to support Google's philanthropic efforts and think that they're throwing your money away by doing so, there's an easy way to opt out: DON'T BUY GOOGLE STOCK. It's a free country and open market...vote with your money on what you think is a "valid corporate purpose". There are thousands of other companies to invest in that are doing other things, many of which operate exactly the same...nice and safe and by the book. The information on what these companies are doing with their shareholders' money is freely available...get informed about what you're buying. Given their P/E ratio, unique corporate approach, and incredible rate of growth, Google might just be the riskiest large-cap stock opportunity out there, but the potential upside (as well as the downside) is a lot greater than all of those companies playing it safe. As long as it's stated (and I believe Google certainly has made their views very clear), risk isn't something from which shareholders should be warned away.

Spam Stock Tracker tracked a bunch ofOct 05 2005

Spam Stock Tracker tracked a bunch of penny stocks hyped by spammers to see how you would do if you bought them. Looks like a ~50% loss since May.

Pixar's stock drops because of smaller-than-expected salesJul 01 2005

Pixar's stock drops because of smaller-than-expected sales of The Incredibles DVD.

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money economics business

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