Daily Archive: August 2, 2020

Petry, Habs upend Penguins in OT By Reuters

Jeff Petry scored at 13:57 of overtime as the Montreal Canadiens opened their qualifying series with an upset win over the Pittsburgh Penguins in Toronto on Saturday night.

Brendan Gallagher’s centering pass was deflected toward the high slot. Petry’s shot from above the right hash marks sailed past Penguins goaltender Matt Murray.

Montreal blew an early two-goal lead after Jesperi Kotkaniemi and Nick Suzuki scored in the first. Carey Price finished with 39 saves for the Canadiens. Sidney Crosby and Bryan Rust scored in the second period for Pittsburgh. Murray finished with 32 saves, after he wasn’t announced as the starter until earlier Saturday.

Pittsburgh’s Conor Sheary missed the net with a wide shot on a penalty shot with 3:03 left in regulation after he got hooked by Petry during a breakaway. It was Montreal’s turn at 6:46 of overtime, as Jonathan Drouin had the puck roll off his stick

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Has Warren Buffett lost his touch?

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Third, Berkshire has plenty of dry powder remaining. Prior to the purchase earlier this month, the company was sitting on a mountain of cash-around US$137 billion. If you are an indexer and want to buy stocks, this seems crazy. But just like he poured assets into cheap stocks in 1974 and again in 2000 when the market collapsed about 40 per cent, as well as during the 50 per cent collapse in the Great Financial Crisis of 2008, we believe that cash will be deployed once Buffett is able to find a few large bargains.

Fourth, the stock is cheap. Berkshire is now trading near book value, something we have not seen since the financial crisis. This is likely as cheap as it gets for a company which generated more than US$20 Billion of free cash flow in 2019.

The stock is especially cheap when you factor

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Gen Z is struggling to be productive working from home

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One might assume that Gen Zers, who were born during the internet era, would thrive working from home. Nope.

At 43%, workers aged 18 to 24 are most likely to say their productivity has decreased since they started working remotely. That’s the finding from a Fortune-SurveyMonkey poll of 2,802 U.S. adults between July 17 and 21.

It does make sense: Many of these workers are early in their career, or even just starting their first post-grad job, and still learning the ropes of their new profession. That could be challenging without in-person direction or a company that understands how to properly onboard a remote worker. 

Overall, the productivity results for remote working are lackluster. Among remote workers, 29% say they’re less productive, 24% more productive, and 47% … Read More