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How One Overseas Bid Proves We're on Two "Right Tracks"
We like to be right.
After all, doing so gives us a satisfying feeling.
But we prefer to be early.
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William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints with Gannett Co. Inc., and The Baltimore Sun.
Bill has covered finance and investing, economics, manufacturing, the defense sector, biotechnology, and telecommunications. The companies he’s covered include Eastman Kodak, Xerox, Harley-Davidson, Caterpillar, Westinghouse Electric, Verizon, MedImmune, and Black & Decker.
His most-memorable interviews include: former President Richard M. Nixon, General Electric CEO John F. “Jack” Welch, Forbes magazine publisher and former Presidential candidate Steve Forbes, and business-turnaround specialist and helicopter-industry pioneer Stanley Hiller Jr.
It was Bill’s work covering Eastman Kodak Co., during the last half of the 1990s that solidified his reputation as one of the nation’s top analytical business journalists. With his award-winning reports on Kodak’s competitive travails, he consistently scooped his competitors in the national business media. His chronicles of Kodak’s turnaround efforts took him to China, Japan, Silicon Valley, New York, Washington, D.C., and even Hollywood.
His work has appeared in Kiplinger’s personal finance magazine, USA Today, and The South China Morning Post, among other publications. A winner of approximately two-dozen journalism awards – including top honors from The Associated Press and the prestigious Society of American Business Editors and Writers (SABEW). Patalon is also the co-author of the Prentice Hall book, "Contrarian Investing: How to Buy and Sell When Others Won’t and Make Money Doing It." Before taking over Money Morning, he served as the editor of The Rebound Report, an investment newsletter focusing on turnaround stocks.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish… and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
Bill has a BA in Print Journalism from Penn State University, and an MBA in finance from the Rochester Institute of Technology.
If the "official" start of this holiday shopping season is any indication, this year will be one for the history books.
From Thanksgiving Day through Cyber Monday, records were smashed. More than $3 billion was spent online, an increase of nearly 12% from the year before.
Two of e-commerce's heaviest hitters reported large mobile crowds: Amazon reported that 70% of its Thanksgiving Day web traffic was mobile, while Target pegged its mobile traffic at 60%, suggesting that a lot of folks were "multitasking" while eating turkey and watching football (in my case, the Pittsburgh Steelers).
Most importantly, spending patterns confirmed our very bullish outlook on e-commerce in general and mobile retail in particular; shoppers on both Black Friday and Cyber Monday forked over more than $1.1 billion each day, via smartphones mostly.
We've been recommending profitable e-commerce and mobile plays like Apple Inc. and PayPal Inc. to my Private Briefing readers since soon after we started publishing in 2011. I "walk the walk and talk the talk," so naturally I'm more than comfortable spending money online, whether I'm on a PC or a smartphone.
But when it comes to planning how I spend, I take a decidedly low-tech approach. Every holiday season, you'll find me at my kitchen table with a very un-cutting-edge pen and paper, writing out a list of gifts I'd like to get my loved ones. I've done it for years, ever since I was a kid.
And, since I love making money as much as the next guy, I like to pick gifts that I'm sure will "keep on giving" to my friends and relatives.