The Salad Oil Scandal of 1963 was a crucial event in the career of Warren Buffett. In the aftermath of massive fraud, Buffett concentrated a large part of his portfolio in the stock of American Express (the victim of the scam) after its market value had dropped by more than half. For Buffett, the scandal … Continue reading XL Media’s Salad Oil Scandal
UpWork Inc. (NASDAQ:UPWK) recently appointed Jeff McCombs as its new Chief Financial Officer. Now imagine that you are Jeff. You want to get a solid understanding of the business model, the drivers of value creation and profitability. A good place to start is to look at the income statement over the last few years. UpWork … Continue reading Is UpWork Profitable?