Research & Insights
When the World Health Organization designated COVID-19 as a global pandemic on March 11th, it sounded the bell for what has been one of the most prolonged and volatile fights our nation has ever been through, with the virus calling into the ring every part of our country; from frontline healthcare workers working day and night to teachers having to adapt to remote learning to ensure the continuation of childhood education.
On the week of December 6th 1951, thousands of financial professionals received in their mail that week’s issue of The Commercial and Financial Chronicle. Within the issue, an article entitled The Security I Like Best, written by an Omaha born Columbia graduate by the name of Warren E. Buffett, appeared on page 24.
There are two requirements for a security to be considered an investment: 1) A safety of principle 2) An adequate rate of return. If a security is lacking one of these requirements it cannot be considered an investment and should instead be classified as a speculation. In order to be successful, an investor must restrict themselves to securities consisting of both requirements.
The term Silicon Valley was born from a computer science journalist by the name of Don Hoefner in an article written for one of his local electronics publications. With the term he aimed to describe the multitude of companies whose products were made possible by their electronic transistors of which silicon was the main element.