Omaha Wisdom
Fool's School
Last month, some 30,000 Berkshire Hathaway shareholders listened to Chairman (and superinvestor) Warren er Buffett and his partner, Charlie Munger, answer questions for five hours in Omaha. Full Story
Name That Company
Based in New York state, I'm a premier natural and organic food and personal-care products company. You may know some of my brands, which include: Terra, Garden of Eatin', Health Valley, Earth's Best, Arrowhead Mills, MaraNatha, WestSoy, Rosetto, Rice Dream, Soy Dream, Ethnic Gourmet, Linda McCartney, Zia Natural Skincare, JASON, Alba Botanica, Full Story
The Motley Fool Take
Legg Mason's Jarring Quarter
How tough is this market for financial companies? Tough enough that Legg Mason (NYSE: LM) posted its first quarterly loss ($255.5 million) in 25 years. Revenue was down, too, off 6.5 percent year over year. Two key problems killed the quarter: a $382.8 million write-down and a whopping 5 percent decrease in assets under management. Full Story
My Dumbest Investment
Up in Smoke
Learning how to smoke was my dumbest investment ever. My smartest one was learning how to quit and never starting up again. - D.M., California The Fool Responds: Right you are - health issues aside, quitting smoking is a great financial move. If you spend $5 per day on a pack of cigarettes, that amounts to $1,825 per year. Full Story
Last week's trivia answer
Born in 1953, I'm based in San Diego. My wares are under the sink, in the garage and in toolboxes. It took 40 tries to develop my flagship product (which shares my name) as a Water Displacement formula. My Web site lists more than 2,000 uses for it, such as dissolving toupee tape residue, keeping pigeons off balconies and removing a python from a bus. Full Story
Ask the Fool
Charged Up
Q What are the "one-time charges against earnings" that I see in company earnings reports? - R.Y., St. Augustine, Fla. A They're meant to reflect out-of-theordinary costs a company is bearing (for example, for closing plants, downsizing, writing off bad investments, etc.). Full Story
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