Google, Apple, and Saudi Arabia

Saudi Arabia, if it were a business, would be considered a cash cow. In fact, Saudi Aramco, the country’s oil company that was once a joint venture with one of Rockefeller’s Standard Oil descendants but was nationalized decades ago, is the most profitable business in...

Outsourced Thinking

I recently watched the series of pieces that CNBC put on during the 10-year anniversary of the credit crisis that occurred in the fall of 2008. It was interesting to listen to Buffett describe how he got a call from Lehman Brothers CEO Dick Fuld in the summer of 2008....

Fizzy Water

The story behind National Beverage is an easy one. I first wrote about National Beverage in 2016 (see here).  You can see financials below: 2016 2018 Growth Revenue 705 975 38.00% Operating Income 93 204 119.00% Margin 13.19% 20.1%   National Beverage is a simple...

Apple Earnings Scratch Notes

Apple reported earnings yesterday. My main takeaways: 1.4 billion installed devices (continues to grow)900 million installed iPhones (up from 825 million a year ago, and this number grew in all five major geographic territories)Services business is very profitable:...