The potential spillover effect from President Trump’s travel ban that we mentioned as a risk to our investment in Hilton is starting to show up in the data. The US tourism business is in trouble — and President Trump may be to blame. America’s share of international tourism has dropped 16% in March, compared to [...]

Apple iPhone Retention Rate

Morgan Stanley released a report highlighting Apple’s iPhone leading loyalty and retention rates versus Samsung. iPhone has a 92% loyalty rate in the U.S. according to Morgan Stanley. Samsung loyalty stood at 77%, LG at 59%, and Motorola at 56%. — Neil Cybart (@neilcybart) May 23, 2017

Download this issue as a PDF How would you rate this quote? “You have to be confident as you face the world each day, but you can’t be too cocky. Anyone who thinks he’s going to win them all is going to wind up a huge loser.” Pretty good, right? It’s no Lincoln. “Better to [...]

Snapchat and the Substitution Heuristic

We have a cognitive quirk. We have a bunch but let’s focus on one. When faced with a hard or complex problem instead of answering it we swap it for an easier question to answer. We believe we have answered the hard question when in fact we answered a totally different question. Substitution Heuristic This [...]

Splitting AbbVie to Unlock Value

AbbVie (ABBV) is a rare stock. AbbVie’s yields almost 4%. Its current dividend yield is 3.87%. And unlike the other 4% yielders, it is not a slow growing utility, telecom, or cyclical car manufacturing business. AbbVie is a growing biotech company with a promising drug pipeline with even more potential growth. Why is a growth [...]

We own Hilton (HLT). We bought it for clients after it underwent its three-way spin-off into Hilton Grand Vacation (HGV), Park Hotels & Resorts (PK), and Hilton (HLT). Did we make a mistake? Maybe, according to this video. The video was uploaded on March 29, 2017, and uses financial data as of year end 2016. [...]

Yahoo! Finance conducted an interview with Warren Buffett, Ted Weschler, and Todd Combs. If you like to read all day and manage money, then Berkshire is the place to be. This is how Todd Comb’s describes his daily routine. “I get in around 7 or 8, and I read until about 7 or 8 at [...]

What I Wish I Wrote ~ April 28, 2017

A collection of mostly finance related links that I wish I had the talent to create. @EconomPic live look at the upcoming tax debates on twitter— Ben Carlson (@awealthofcs) April 27, 2017 An article went up on Value Investor’s Club recommending a short position in Apple (AAPL). These are all the counterpoints to that [...]