Without a baseline level of trust, society will cease to function effectively. How can we decide how trusting to be without exposing ourselves to excessive risk? ...

No one enjoys dwelling on past errors whether we are talking about investments, career choices, or poor decisions in personal relationships. It is far more pleasant to think about what has worked well in the past and to relegate unpleasant ...

Companies that attempt to expand from their home base into foreign countries must adapt their operations to suit the preferences and peculiarities of each local market. In the “Tea with the Economist” interview shown below, Wal-Mart’s head of China operations ...

The Great Depression of the 1930s changed consumer behavior for decades among those who experienced the downturn firsthand. Although the vast majority of consumers today have no direct recollection of the Great Depression, most everyone remembers relatives who were frugal ...

In what appears to be a downgrade based mostly on a macro call for economic recovery, Goldman Sachs downgraded Wal-Mart stores today from "buy" to "neutral" and lowered the price target on the stock to $56 from $58. While I ...

Over the past decade, there has been a significant divergence between Wal-Mart Stores' experience from a business perspective and the returns experienced by the company's shareholders. In April, I wrote an article outlining Wal-Mart's track record over the past ten ...

In recent weeks, I have written about a number of different investment approaches along with my attempt to leverage the best ideas that have already been put into practice. This is precisely what Berkshire Hathaway Vice Chairman Charlie Munger recommended ...

Wal-Mart Stores is one of the most successful growth stories in American history and can boast of an unparalleled track record of growth in nearly any measure one can think of. Whether your preferred metric is the number of square ...