by Leslie N. Masonson, MBA Modine Manufacturing Company (MOD:NYSE), an old-line diversified global leader in heat-transfer systems and components company incorporated in Racine, Wisconsin in 1916, may be on the brink of finally breaking out to a new all-time high. On November 18, 1998, almost twenty-five years ago, it closed at $36.63 before enduring [...]
By Leslie N. Masonson, MBA On January 22, 1993, a groundbreaking development unfolded on the American Stock Exchange (AMEX): the first U.S.-listed exchange-traded fund (ETF) made its debut. This financial innovation, introduced by the State Street Global Advisors, bore the name SPDR® S&P 500 ETF with the ticker symbol SPY. It boasted a unique [...]
By Leslie N. Masonson, MBA The Industrial Revolution from 1760 to 1840 unleashed a sea-change of dramatic and unheard-of shifts in the industrial growth and dominance of the United States. There are of course two more recent impactful events that have changed our way of interacting, working, and shopping. The first, of course, is [...]
By Leslie N. Masonson, MBA General Electric Company (GE: NYSE), the historic American multinational conglomerate, based in Boston and incorporated in 1892, once stood proudly as the sole survivor among the original thirty companies listed on the well-known Dow Jones Industrial Average. However, its reign came to an end on June 19, 2018, when [...]
By Leslie N. Masonson, MBA Two of the most significant events in the investment world over the past century, which have had a positive impact on everyday investors, were the introduction of the first mutual fund, MFS Massachusetts Investors Fund, in 1924, and the launch of the first exchange-traded fund (ETF), SPDR S&P 500 [...]
By Leslie N. Masonson, MBA Berkshire Hathaway Inc. Class B (BRKB: NYSE), based in Omaha, NE, and incorporated in 1998 is presided over by the world-renowned stock sage Warren Buffet (94), also known as the “Oracle of Omaha” and his young 99-year-old sidekick Charlie Munger. The company held its 2023 Annual Meeting on May [...]
