"Same as it ever was... Same as it ever was... Same as it ever was..."
-- Talking Heads, "Once in a Lifetime"
Sirius XM Radio (Nasdaq: SIRI) had a healthy run atop the music category in Apple's (Nasdaq: AAPL) App Store, but it's Pandora's turn now.
Pirates everywhere are striking the Jolly Roger. But they aren't doing
it out of fear for the authorities -- nor any moral obligation to do
the right thing. Nope. Any respectable scallywag would abandon ship
when there's a better vessel ripe for the boarding.
There is one ball player out there who has cracked the nut of
investing -- a guy who grasps the underlying complexities of the
financial world with astonishing ease. Even though I've never heard him
utter even one market catch phrase or a single financial buzzword, it's
clear that this guy just gets it.
After a financial meltdown that left the global financial system
reeling, executives in the banking sector should have taken a page out
of the Talking Heads' playbook, and asked themselves questions like
"How did I get here?" If they had, perhaps I wouldn't have that darn
"same as it ever was" refrain running constantly through my head today.
As fundamentals-focused long-term investors, Fools never base an
investment decision on the daily gyrations of the market. But the
market's daily price movements can be useful when looking for new stock
ideas for further research, or to keep tabs on watch-list stocks.
Three weeks ago, it was reported that Goldman Sachs (NYSE: GS) was on track to pay
its employees the biggest bonuses ever, corresponding with what was
shaping up to be the best quarter in the investment bank's history.
Untruths come in several flavors (in order of heinousness): lies, damned lies, and statistics.
And then there are survey results from a source with a self-serving axe
to grind. You can put any spin you want on such reports, as long as
it's done with a straight face.
Based on the aggregated intelligence of 135,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, oil and natural gas provider Delta Petroleum (Nasdaq: DPTR) has earned a respected four-star ranking.
We all want to find solid companies, and we want to buy them at
attractive prices. But that's easier said than done -- some of the best
methods of estimating a company's true value are rather complicated.
That's why many people love the simplicity of the price-to-earnings
(P/E) ratio, or its cousin, the price-to-sales (P/S) ratio. The latter
is especially handy when a company has no earnings.