By almost any measure Corporate America performed well in the first quarter. Revenues of S&P 500 companies grew on average 8.5% over year ago levels, and earnings before taxes advanced 13.2%. But behind these rosy numbers a few concerning items stood out. High freight costs weighed on results of a wide range of companies. Some […]
E-Commerce
This Is What Makes Our Business So Interesting…And Also So Difficult…
It was Joseph Schumpeter, the Austrian-born American economist, who spoke of “creative destruction,” the dynamic, change-oriented and innovation-based tendency of Capitalism. The market is constantly replacing old ways of doing things with new ways. New mouse traps are constantly being devised. All this makes for a very interesting and frustrating investment business, trying to figure […]
