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September 4, 2015 Dubrovnik, Croatia In an article that first appeared in Fortune magazine on December 10, 2001, Warren Buffett penned a great letter about falling prices: “When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep.
September 3, 2015 Dubrovnik, Croatia For much of the 9th century, the Byzantine Empire was on the defensive, fending off one invasion after another. That all changed on today’s date, September 3rd in the year 863, when three Byzantine armies massed together to crush Arab invaders. This was exactly the
September 2, 2015 Vienna, Austria Recently I wrote to you explaining why I’d just purchased shares of Royal Dutch Shell. Shell is a giant in the oil industry that’s been in businesses for more than a century. And while I almost never buy stocks, they were practically giving this one
September 1, 2015 Spoleto, Italy In 1543, Polish astronomer Nicolaus Copernicus published his truly revolutionary work, De revolutionibus orbium coelestium. For centuries prior, humanity had held the Ptolemaic belief that the Earth was the center of the universe. Copernicus shattered that belief, demonstrating mathematically that it was the sun at
Spoleto, Italy August 31, 2015 If you’ve ever picked up a copy of The Economist magazine, you’ve probably heard of the Big Mac Index. This is an interesting tool where a bunch of reporters from around the world are forced to go into McDonalds and find out the price of
Spoleto, Italy August 28, 2015 Charles Dickens opened his 1859 masterpiece A Tale of Two Cities with one of the most famous introductions in literary history: “It was the best of times, it was the worst of times… “ This line is notoriously incomprehensible to high school students around the
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