I was digging through an old file cabinet that had belonged to my grandfather, and I found this little blast from the past: a Walmart (WMT) letter to shareholders from 1985, signed by Chairman and company founder Sam Walton. As a child in the 1980s, I actually remember my grandfather proudly showing me a paper...Read More

I joined CNBC this evening to discuss Facebook’s earnings release.  You can view the video here. Facebook (FB) CEO Mark Zuckerberg started his company’s second quarter earnings announcement with what might have been the understatement of the year: “We had a good quarter.” Indeed, Facebook earnings knocked the cover off the ball.  Earnings came in...Read More