Tag: Brutal

Facebook Is Starting To Get Liked Again After a Brutal Sell-Off

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Shares of Facebook (NASDAQ:FB) are finally rebounding yesterday as shares neared major support. Facebook stock had fallen in seven of the previous eight days as investors elected to take risk off the table.

Source: Wachiwit / Shutterstock.com

FB is now back to levels last seen before releasing the company’s latest solid earnings report in late July.

The previous buying in Facebook may have gotten a little overextended, with shares reaching overbought levels as it traded at all-time highs.  In a similar fashion, the selling has now reached an extreme as well. Look for the Facebook stock to regain some lost momentum over the near term.

Facebook reported earnings on July 30 and beat handily on both the top and bottom line. EPS came in at $1.80 per share, well above analyst estimates of $1.40. Revenues also were a

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Warren Buffett’s $300,000 Haircut Reveals a Brutal Truth About Success Few People Are Willing to Admit

According to Alice Schroeder’s The Snowball: Warren Buffett and the Business of Life, a young Buffett was sometimes heard muttering things to himself like, “Do I really want to spend $300,000 for this haircut?” (H/t to this Wall Street Journal article by Jason Zweig.)

Warren Buffett obviously never spent $300,000 on a haircut. The remark instead refers to the power of compound earnings over time, something Buffett later called “The Methuselah Technique”: The financial advantages of a long life, a high rate of return, and as Buffett wrote in his 1965 Buffett Partnership letter, “a combination of both (especially recommended by this author.”)

Of course he’s right: Where building wealth is concerned, time is your friend. Say you invest $5,000 and receive a relatively conservative 6 percent return. Over time, here’s are the gains on that $5,000:

Clearly time is your friend. But while money spent today is money that

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