Bruce Greenwald, in his book Value Investing: From Graham to Buffett and Beyond, devoted an entire chapter to Intel and its competitive advantages. Of particular note was its economies of scale which permitted it to spend less on research & development than AMD as a percentage of sales.
That appears to still be true today but less so:
This is a broad exploration of philosophy, science, mathematics, economics, finance, politics, history and everything else in between.
Friday, July 11, 2014
Friday, July 4, 2014
How to Use More than 10 Percent of Your Brain
Every now and then I happen to catch some regular good 'ol fashion TV. Such events are not as common now as I typically stream content from the likes of Netflix and Amazon Prime if I'm going to sit myself down to be entertained.
Anyway, I happened to catch a commercial for an upcoming movie called Lucy. Here's the trailer:
Anyway, I happened to catch a commercial for an upcoming movie called Lucy. Here's the trailer:
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