With eBay celebrating its 20th birthday on September 3rd, here is an that infographic contains fascinating statistics on the history of eBay, as well as some of the most expensive items purchased on the site in the last 20 years. The graphic also focuses eBay’s strategy under new CEO David Wenig, particularly after the spin-off of PayPal.
eBay Twentieth Birthday
Infographic source: SnapParcel
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More