Paychex, Inc. (PAYX) provides integrated human resources management services. Specifically, the company offers payroll processing, payroll tax administration, employee payment and regulatory compliance services, such as new-hire reporting and garnishment…
Friedrich Hayek, the great Free-Market Economist won a Nobel prise in economics for his work on the causes of the business cycle. Hi works showed that the Fed is the…
Berkshire Hathaway is amn insurance company, holding company and conglomerate all in one. The sutruture of Berkshire as just as much to do with high rates of return as the…
Costco, the massive big-box retailer, represents an interesting lesson. The lesson being is that there are certain people who are naturally attracted to fast growers and there are value investors who…
Banking seems like a simple business, but it is more complicated than most think. It is important to remember that you do not have money in the bank. When you…
We have talked a great deal about negative interest rates and not they are both unnatural and damaging. We think negative interest rates can only arise in a world of…
There is more to economics than jobs, wages, consumption, exchange rates, inflation rates, GDP, etc. Economists like to talk about these things because they and/or the government can measure (sort…
Netflix, the streaming media company is one of the tech-media companies we like to follow here at TOE. The company is a Wall Street darling and with good reason as…
We have been a bit conflicted lately as we think many investors have been as well in the past few months. The accepted market view is that the trade dust-up…
About a month ago, Viacom & CBS agreed to merge into one big diversified entertainment company. It is a story the investment community has been watching for years and for good…