Jeanie Ahn of Yahoo Finance shares 6 ways to conquer your Amazon shopping addiction.Read More »
At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. "Probably what's most driving me [to retire early] — I just want freedom," he told Business Insider. Ultimately, Sean's philosophy for building wealth is based on calculating the value of his time, in dollars.
Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy. "Al Gore has come into you fellas business. Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger's informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk.
Shares of Coscto Wholesale Corp. continued their retreat Friday, extending the most damaging stretch of losses since the Great Recession, fueled by news of Amazon.com Inc.’s deal to buy Whole Foods Market Inc. Analyst Mark Astrachan at Stifel Nicolaus, who hosted a recent meeting with Costco executives, including Chief Financial Officer Richard Galanti, said the membership-based warehouse retailer’s executives were “surprised at both the deal and the negative share-price reaction,” as they believed other grocers would be more exposed than Costco to competition stemming from the deal. Costco’s stock COST, -1.66% slumped 1.7% on Friday to its lowest closing level since Dec. 7. It has now tumbled