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Happy birthday, Warren Buffett: One of the investing legend’s best tips – Yahoo Finance

Warren Buffett is known to have dropped a few tips on life, business and stocks in an existence that will have spanned 90 years on Sunday.” data-reactid=”16″ type=”text”>Berkshire Hathaway’s Warren Buffett is known to have dropped a few tips on life, business and stocks in an existence that will have spanned 90 years on Sunday.

But for long-time Berkshire shareholder Bill Smead of Smead Capital Management, it’s Buffett’s insights into the process of successful investing that have proven most impactful.

told Yahoo Finance’s The First Trade.” data-reactid=”22″ type=”text”>“Buying good quality securities when people are scared to death and being greedy when others are fearful [are some of Buffett’s best investing lessons],” Smead — a long-time value investor — told Yahoo Finance’s The First Trade.

Smead said he has taken Buffett’s advice recently and scooped up shares of cosmetics seller Ulta Beauty. Shares of Ulta are down 27% on the year as people work from home and consume less makeup. The company has also battled through closures of its mall-based stores.

But with sales showing signs of life in the second quarter as Ulta reopened stores and employed curbside pick-up, Smead may have gotten in at a good price — all thanks to a bit of Buffett investing wisdom.

“We’re off to a pretty good start with it. It’s a pretty wonderful business,” Smead said. “I don’t think that people are not going to want to put their makeup on.”

Widely regarded as the Oracle of Omaha, Buffett has made himself into a household name by adhering to strict investing discipline on buying stocks and entire companies. Only until recently, has Buffett waded into the hotter sectors of the market — amassing an impressive position in Apple that has yielded tremendous returns.

Buffett is now the sixth wealthiest person in the world with a fortune of $82.2 billion.

Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.” data-reactid=”32″ type=”text”>Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on Link
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Anniversary happy

Happy anniversary, Curiosity! NASA rover marks 8 years on Mars – Space.com

A self-portrait of NASA's Curiosity Mars rover taken on June 15, 2src18. A Martian dust storm had reduced sunlight and visibility at the rover's location in Gale Crater at the time.

A self-portrait of NASA’s Curiosity Mars rover taken on June 15, 2018. A Martian dust storm had reduced sunlight and visibility at the rover’s location in Gale Crater at the time.

(Image: © NASA/JPL-Caltech)

NASA would be thrilled if its newly launched Mars rover ended up matching its predecessor’s longevity.

The agency’s car-sized Curiosity rover celebrates eight (Earth) years on the Red Planet today (Aug. 5), less than a week after the Perseverance rover took flight toward Mars

The synergy in timing is appropriate; Perseverance shares Curiosity’s chassis and “sky crane” landing strategy, among other features. And the new rover will build upon the many discoveries that Curiosity has made over the years.

Related: Amazing Mars photos by NASA’s Curiosity rover (latest images) 

Curiosity launched in November 2011 and touched down inside the 96-mile-wide (154 kilometers) Gale Crater on the night of Aug. 5, 2012, kicking off a surface mission designed to last at least one Martian year (which is equivalent to 687 Earth days).

The main goal of Curiosity’s $2.5 billion mission, officially known as Mars Science Laboratory, involves assessing whether Gale could ever have supported Earth-like life. The nuclear-powered robot has returned exciting news on this front, finding that the crater hosted a potentially habitable lake-and-stream system for long stretches in the ancient past, perhaps millions of years at a time.

Curiosity has also detected complex organic chemicals, the building blocks of life as know it, in Gale Crater rocks. In addition, the rover has rolled through several plumes of methane and discovered a seasonal pattern in the concentration of this gas, which here on Earth is primarily produced by living organisms. (Abiotic processes can generate methane as well, however, and the source of the stuff within Gale is unclear.)

In September 2014, Curiosity reached the base of Mount Sharp, which rises 3.4 miles (5.5 kilometers) into the sky from Gale’s center. For the past six years, the rover has been climbing through the mountain’s foothills, reading the rocks for clues about Gale’s past habitable environments and how Mars transitioned into the cold, dry desert planet we know today.

During its eight years on Mars, Curiosity has drilled 27 rock samples, scooped up six soil samples and put more than 14 miles (23 km) on its odometer, NASA officials said. (The Mars surface-distance record is held by another NASA rover, Opportunity, which covered 28.06 miles, or 45.16 km, between 2004 and 2018.)

Perseverance’s $2.7 billion mission, called Mars 2020, aims to extend Curiosity’s findings. The new rover will hunt for signs of ancient life in Mars’ 28-mile-wide (45 km) Jezero Crater, which was home to a lake and a river delta long ago. 

Perseverance will also collect and cache samples for future return to Earth and test out several new exploration technologies, including a tiny helicopter named Ingenuity and an instrument that generates oxygen from the thin, carbon dioxide-dominated Martian atmosphere.

Mars 2020 is scheduled to touch down on Feb. 18, 2021. Maybe Curiosity will take a short break from its work in Gale Crater that day, look up at the Martian sky, and send well wishes to the new arrival.

Mike Wall is the author of “Out There” (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall. Follow us on Twitter @Spacedotcom or Facebook. 

Join our Space Forums to keep talking space on the latest missions, night sky and more! And if you have a news tip, correction or comment, let us know at: community@space.com.

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happy NASCAR

Happy 4th: NASCAR, IndyCar and Formula 1 will all race on the same weekend for the first time in 2020 – Yahoo Sports

Rejoice. The racing world is back to normal. Sort of.

With the return of Formula 1 after the coronavirus pandemic on July 5, the Fourth of July weekend is the first weekend in 2020 that includes F1, NASCAR and IndyCar races. Not only are American race fans getting a three-day weekend, they get four major races to watch and five if you want to count the Saturday evening IMSA race at the Daytona road course.

Both Saturday and Sunday feature two races each. The IndyCar Series kicks things off at Noon ET on NBC at the Indianapolis Motor Speedway road course. That race is followed on NBC by the NASCAR Xfinity Series race at the same track.

It’ll be the first time the Xfinity Series has raced on the IMS road course instead of the oval. The change was made because, well, the Xfinity races at the IMS oval had become really boring. After trying aero tricks to keep the cars closer together on the track, NASCAR and IMS just decided to make the switch to the road course. The simple presence of cars on the road course should make the race better by default.

F1 is in Austria on Sunday morning (9 a.m. ET, ESPN) for the first of two races in two weekends at the Red Bull Ring. The circuit’s schedule is set through the summer at tracks across Europe as the top motorsports series in the world tries to make up for the races it missed through the spring. F1 is racing on eight of 10 weekends through Sept. 6 with more races to come after that.

The Cup Series then caps the weekend off (4 p.m. ET, NBC) at the IMS oval. It’s the first time that the Cup Series has raced at Indianapolis over the July 4 weekend. The traditional Daytona race over the holiday weekend is now the final race of the regular season as NASCAR tries to keep whatever juice is left in the Brickyard 400.

Thanks to the pandemic, it’s also the first time that the IndyCar Series and NASCAR Cup Series are racing at the same facility on the same weekend.

It’s important to note that all of these races will happen without fans in attendance. While IMS says it’s still committed to trying to hold the Indianapolis 500 in August with 50 percent capacity, there won’t be any fans watching the weekend’s race in-person.

  • Cam can hear Boston dog whistles, trite criticism a

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    happy Microsoft

    Microsoft isn’t happy with Apple’s App Store bullying either – The Verge

    Microsoft believes it’s time for antitrust regulators to fully investigate Apple’s App Store. Speaking during a Politico interview this week, Microsoft’s chief legal officer Brad Smith outlined Apple’s walled garden approach to its App Store, and how it’s affecting competition.

    “If you look at the industry today, I think what you’ll find is increasingly you’re seeing app stores that have created higher walls and far more formidable gates to access other applications than anything that existed in the industry 20 years ago,” says Smith. “They impose requirements that increasingly say there’s only one way to get onto our platform, and that is to go through the gate that we ourselves have created. In some cases they create a very high price for a toll, in some cases 30 percent of all your revenue has to go to the toll keeper if you will.”

    While Smith doesn’t name Apple, Bloomberg confirmed with Microsoft that he’s referring to the App Store specifically.

    Apple iTunes App Store Field of Icons

    Apple’s App Store

    This week may go down in history as a turning point for Apple’s App Store. The iPhone maker has been caught up in an ongoing debate over its controversial decision to reject the new Hey email app. Apple initially approved the app, but later decided it broke App Store rules. Apple has been accused of acting like a monopolist and a bully by the chairman of the House antitrust subcommittee.

    Apple’s decision has put a spotlight on Apple’s confusing App Store policies, just as the European Commission announced a formal antitrust investigation into the App Store and Apple Pay. It also comes just days before Apple’s annual WWDC developer conference, putting the company in an awkward position to host an event to entice developers to create apps for its platforms.

    “I do believe the time has come, whether we are talking about Washington DC or Brussels, for a much more focused conversation about the nature of app stores, the rules that are being put in place, the prices and tools that are being extracted, and whether there is really a justification in antitrust law for everything that has been created,” says Smith.

    Microsoft obviously has some experience and history with antitrust cases, after it was found guilty of monopoly abuses related to its bundling of Internet Explorer in Windows nearly 20 years ago. Microsoft was ultimately forced to open up Windows more to third-party developers, and it faced closer scrutiny on its practices for years. The European Commission went even further, ordering Microsoft to create a separate version of Windows without its bundled Windows Media Player and create a browser ballot for consumers to pick their web browser of choice.

    Bill Gates At Antitrust Press Conference

    Bill Gates speaks at an antitrust press conference in 1998
    Photo by Porter Gifford/Liaison

    The EU’s investigation into Apple’s App Store is still at an early stage, so it’s not clear what type of measures will be taken, but Microsoft is certainly sitting on the sidelines and encouraging action. Microsoft has faced its own issues with Apple’s App Store. The software maker attempted to launch its SkyDrive (now named OneDrive) app for iPhones back in 2012, but got locked in a battle over a 30 percent cut of revenue from purchases of cloud storage within the app. It was a minor scuffle that was a testing point for Microsoft’s launch of Office on iOS.

    More recently, Microsoft has been battling to launch its xCloud game streaming service on iOS. The company has launched a preview version, but “to comply with App Store policies,” the app only includes a single game and is limited compared to the Android version. Microsoft hasn’t revealed exactly why xCloud is limited by App Store policies. Apple previously revised its App Store policies during WWDC 2018 to allow mobile apps like Valve’s Steam Link game streaming service, but both xCloud and Google’s Stadia have been unable to launch fully in the App Store.

    Microsoft is finding it difficult to launch xCloud on iOS.
    Photo by Nick Statt / The Verge

    While Microsoft has clashed with Apple over its App Store policies, it’s also benefited through various promotions for its apps in the App Store. Microsoft also appeared on stage at WWDC last year to promote Minecraft Earth, and the company has previously shown up at Apple events to tout Office improvements for iPhones and iPads.

    Microsoft would benefit from a more open Apple App Store, both in terms of revenue and in how the company can design and launch apps. Microsoft has increasingly been embracing Android as the mobile equivalent of Windows, because of the many restrictions with iOS and Apple’s App Store policies. This Android investment has led Microsoft to partner more closely with Google and Samsung, and launch apps like Your Phone for Windows 10 that is barely functional when paired with an iPhone.

    Apple is now doubling down on defending its App Store policies, but there’s a growing number of companies that are calling for change. Spotify led the pack with an antitrust complaint last year, and now Epic Games, Rakuten, Match Group, Microsoft, and others are making their feelings known. These calls will likely grow louder as the EU continues its investigations, but if there’s anything we know about Apple’s battles with European regulators it’s that it’s not afraid to fight back.

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