It's been well documented that Warren Buffett spends most of his time reading, and he attributes the secret of his success to spending most of his day hunkered down in the details of company annual reports, business periodicals, and numerous other books. The same can be said for Charlie Munger, best known as Buffett's right-hand man and co-chairman of Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B).
Barr Pharmaceuticals ' (NYSE: BRL) lawyers are earning their paychecks these days. Earlier in the year, they got a patent on Bayer 's birth control drug, Yasmin, thrown out. Then yesterday, they won a patent challenge covering Boehringer Ingelheim Pharmaceuticals ' Mirapex.
With the market all too often resembling a kamikaze dive these days, it's vital that capital preservation move into the lead spot in investors' hearts. Appreciation is nice -- after all, isn't that why we're in the world of equities? -- but in defensive times like these, keeping one's wad intact becomes of even greater importance.
Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track record of the firms behind them -- so individuals can make better investing decisions.
The New York Yankees of the '50s and the Chicago Bulls and Dallas Cowboys of the '90s had one crucial element in common: consistent excellence in their organizations and performance. That's a rare accomplishment, but if you think it could never occur in your portfolio, think again. Carefully chosen dividend-paying stocks could be your key to superstar returns.
Because everyone loves a winner, it's reasonable to assume that everyone hates a loser -- everyone but short-sellers, at least. These contrarian investors bet that hot stocks are primed to fall and aim to turn their pessimism into potential profits.
A dividend is�a portion of a company's earnings that the firm pays directly to its shareholders. If The Tattoo Advertising Co. (Ticker: YOWCH) is earning roughly $4 in profit per share each year, it might decide to issue $1�per share annually to shareholders, then use the rest of the money to help build the business. If so, it will probably pay out $0.25 per share every three months.
New York -- O.J. Mayo and Kevin Love, two of the top picks in this year's NBA draft, are part of an eight-player trade between Minnesota and Memphis.
Mayo, a 6-foot-5 inch guard for Southern California and the third overall selection by the Timberwolves, was dealt to the Grizzlies with guards Marko Jaric and Greg Buckner and forward Antoine Walker.
Love, a 6-foot-10 inch power forward from UCLA and the draft's fifth overall pick by the Grizzlies, went to Minnesota along with shooting guard Mike Miller and forwards Brian Cardinal and Jason Collins.
Both Love and Mayo were freshmen last college basketball season.
"I just wanted to hear my name called and be part of the NBA," Mayo said shortly after he was picked Thursday by the Timberwolves. "It didn't matter if it was a big-market organization, small-market, medium-market."
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