Refunds at the Casino, Courtesy of Taxpayers [Editor’s Note: Gary Marshall, who passed away yesterday at the age of 81, was best-known for creating such mega-hits as “Mork and Mindy” and “Happy Days” (TV), and for directing films like “Pretty Woman” and “The Princess Diaries.” But, my favorite Gary Marshall role was as a supporting...Read More
Realtors, Too (Don’t Forget About Realtors) “In a new lawsuit, the Chamber of Commerce is seeking to prevent the government from holding retirement advisers to the same standard as doctors, lawyers or accountants ” known as a “fiduciary” standard ” which requires people in positions of trust to always act in their client’s best interest.”...Read More
[Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. Berkshire Hathaway is the ultimate parent company of Edina Realty.] Aficionados of Warren Buffett’s annual missive to shareholders (I’m one) will recall that last year’s included a doozy: Buffett’s advice...Read More
Bear Market Silver Linings [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Maybe a bear market — if that’s what we’re headed into — will force Corporate America and Wall Street to make changes that could be easily...Read More
I don’t know what the critics are saying about “Star Wars: The Force Awakens,” but the returns from Wall Street are already in: thumbs down. How do you know that? Because Disney’s stock dropped almost twice as much as the overall market today (the movie’s opening day), a sure sign that analysts expect the movie...Read More
Avoiding Guilt by (Name) Association I can certainly understand why a bank or investment fund would want to have “First” in its name (“First National Bank of [ ______ ]).” The name that’s always puzzled me is “Fifth Third Bancorp,” headquartered in Cincinnati. Given the financial news the last few days, I thought a scorecard...Read More
