Wal-Mart Analysis Post 1985; Money and Credit; Short Seller Blog

 I was trying to daydream, but my mind kept wandering. — Steven Wright

Wal-Mart Post 1985 Analysis

http://www.scribd.com/doc/79123757/WalMart-Competitive-Analysis-Post-1985-EOS

My Greenwald notes on Wal-Mart should help you understand how regional economies of scale work. You see returns on capital decline as Wal-Mart grows larger in assets and sales but into areas with less regional economies of scale and more competition.

Money and Credit

A short synopsis on The Theory of Money and Credit http://mises.org/rothbard/money.pdf

A reader suggested this financial blog on short selling and focus on financial statement analysis: http://www.thefinancialinvestigator.com/

Opportunity?

How does Kyocera (KYO) http://americas.kyocera.com/ir/index.html earn high operating profits on its core business of ceramics?  You will have to separate out non-operating assets like cash and investment in other companies to peel away the onion.  Are there economies of scale in R&D here?   Not a recommendation but some of you may want to have a current example to work on.