©2016 Bloomberg View O3BAFL6JTSEF The Buffett letter Warren Buffett’s annual shareholder letter this weekend contained the requisite quantum of folksiness, but in some ways the most old-fashioned part was this description of the differences between Berkshire Hathaway and its occasional partners at 3G Capital: Their method, at which they have been extraordinarily

©2016 Bloomberg View O2FTJO6S972O (Bloomberg View) — Morgan Stanley Modern psychology has not, I think, fully come to grips with the death drive in financial e-mails. People know they are not supposed to mention illegal stuff in their e-mails and instant messages and chat rooms and recorded phone calls. You can tell

©2016 Bloomberg View O2DYV96KLVRL (Bloomberg View) — People are worried about everything. It would not be difficult for this newsletter to have a recurring daily section titled, like, “people are worried about the global economy.” Someone is always worried about the global economy; worries about the global economy are —

05 Feb 2016 07:53 (Bloomberg View) — Shkreli, etc. The system for pricing prescription drugs in the U.S. is a bit of a disaster. Our reliance on medical insurance means that pricing is not based on consumer demand or ability to pay. Nor is it exactly based on negotiations with

©2016 Bloomberg View O1U7S96S9728 (Bloomberg View) — After Amazon.com missed analysts’ quarterly profit forecasts Thursday, investors lopped as much as 10 percent off of its stock price, the most in a year. The company reported fourth-quarter net income that more than doubled to a record $482 million from a year earlier;

©2016 Bloomberg View O19FWE6JTSEP (Bloomberg View) — Banks Goldman Sachs announced earnings today, just barely squeezing some of its $5.1 billion mortgage settlement into the fourth quarter; earnings were down year-over-year because of that charge. Here is the press release. There is a lot of gloom at the banks. “Once Wall

©2016 Bloomberg View O0Y3V76KLVR7 JPMorgan JPMorgan tweeted its earnings this morning. They were good, at $1.32 per share, up quarter-on-quarter but down year-on-year, and “much of the improvement in profit came from continuing cuts to the bank’s expenses and work force.” Here are the press release, thepresentation and the financial supplement. Elsewhere in big

©2016 Bloomberg View O0L5F36KLVRB (Bloomberg View) — So how’s China? Here’s One of the All-Time Great Stock-Price Charts: That’s the chart of Beijing Baofeng Technology Co., which went public in China last March and went up by the daily 10 percent limit for 28 straight trading days through May 5, a gain of just

©2015 Bloomberg View O06OEW6JTSEA (Bloomberg View) — Twenty years ago, Dutch journalist Sheila Sitalsing sat down with a demographer at the country’s statistics office to talk about how aging would change the Netherlands. His prediction, she recounts in a column that’s the most-read thing on the website of the Dutch

©2015 Bloomberg View NYOLIC6KLVS1 (Bloomberg View) — Mortgages A lot of the time, when banks get in trouble, it’s not for intentional misconduct but for missing “red flags.” We talked yesterday about how Barclays was fined for failing to do proper due diligence on a transaction despite red flags like,