In an adaptation from his upcoming shareholder letter, the Oracle of Omaha explains why equities almost always beat the alternatives over time.
FORTUNE — Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire Hathaway (BRKA) we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power — …




The General Robotics, Automation, Sensing and Perception (GRASP) Laboratory at the University of Pennsylvania (my alma mater) has produced a number of fascinating experiments lately focused on the uses of quadrotor helicopter robots. Four-propeller aircraft designs were popularized in the 1920s and 1930s to help solve some of the persistent issues with vertical flight (i.e., torque-control). 



There are those who would say that any one of the past several years could be called “The Year of Facebook” although I would argue that none will be larger than 2012. First of all, the social networking giant will be floating their monster IPO this year which will doubtlessly be met with a tremendous (and perhaps disproportionate) level of