Palm Beach Daily

This is how Buffett just stole a spinoff “cash cow”… and how you can too

In last Monday’s Daily (Dec. 1, 2014), we featured Warren Buffett’s purchase of Proctor & Gamble’s Duracell division. Battery-maker Duracell is a perennial “cash cow.” It commands 25% of the world’s battery market. It’s a classic Buffett deal: As he wrote in his 1989 letter to Berkshire Hathaway shareholders, “It’s far better to buy a […]

Instant Insight: Items of note across the Palm Beach universe…

GREED—As we noted in yesterday’s Daily, bullish sentiment is surging. Investors just kicked CNNMoney’s sentiment readings into the “greed zone.” Remember the warnings of super-investor Warren Buffett: Be fearful when others are greedy (and greedy when others are fearful). RED BACK—China just inked an agreement with Los Angeles to establish its first yuan clearinghouse bank […]

How to quickly get a pay-raise (4 simple, proven steps)

“As an employee, there’s really only one way to get rich…” “… You must first make your boss richer.” That’s a classic Mark Ford quotation. He learned this from direct experience. You get rich as an employee by completing a three-step journey: from ordinary employee, to extraordinary employee, to invaluable employee. Mark provides the steps […]

Don’t make this common mistake when it comes to employee compensation

“An intern could earn the equivalent of [service workers’] entire annual income in three short months.” That’s a quote from Samantha Allen at The Daily Beast. She reports Silicon Valley interns—many still in high school—can earn $6,000-10,000 per month working for firms like Google, Apple, and Facebook. They also often receive an average of $3,000 […]