Is UpWork Profitable?

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?

Buffett on Nebraska Furniture Mart

In his letters to shareholders, Warren Buffett has frequently talked about Nebraska Furniture Mart and its business model. Here are the essential quotes: 1983 About 67 years ago Mrs. Blumkin, then 23, talked her way past a border guard to leave Russia for America. She had no formal education, not even at the grammar school … Continue reading Buffett on Nebraska Furniture Mart

Warren Buffett on the Borsheim Business Model

Borsheim's Fine Jewelry is an Omaha-based jewellery store that in 1989 was acquired by Warren Buffett's Berkshire Hathaway. From the 1988 Berkshire Hathaway Letter to Shareholders You won’t be surprised to learn that this family brings to the jewelry business precisely the same approach that the Blumkins bring to the furniture business.  The cornerstone for … Continue reading Warren Buffett on the Borsheim Business Model