![]() ![]() Darker Skin Tonesįind out why dark spots appear and what can fade them. Relieve uncontrollably itchy skinįind out what may be causing the itch and what can bring relief. These dermatologists' tips tell you how to protect your skin. Everyday careĮveryone's at risk for skin cancer. JAK inhibitors are helping patients with alopecia areata, eczema/atopic dermatitis, psoriasis, and vitiligo. JAK inhibitors: A newer type of medication Find out how you can enjoy summer while reducing flare-ups. The sun, heat, and humidity can all trigger rosacea and lead to flare-ups. Hairstyles that pull can cause hair lossįeatured Reduce summertime rosacea flare-ups.Central centrifugal cicatricial alopecia.No matter what your hair type is, VITAMAN's styling products give you a natural body, shine, and texture with a firm and pliable hold.Diseases & conditions Everyday care Darker Skin Tones Cosmetic treatments Public health programs Find a dermatologist Go to AAD Homeĭermatologists team up to improve patient care We're talking about the finest Australian botanicals, natural ingredients, and essential oils that come together to create an unbeatable hair care range for high-performing men like you. Our hair styling products are the real deal. Looking for the best products to style men’s hair? Choose VITAMAN The other advantage of texturizing is that it hides any thinning of your hair. Textures are important as they add a multi-dimensional look to your hair. When you hear the term texture, this refers to how your hair looks and feels after you’ve applied the product. These men's hair styling products make your hair absorb light and give you a more natural look. Products with low shine are often labeled as matte. Typically, shine can be classed as glossy or wet - or low shine. Shine refers to how your hair will appear after you’ve applied the styling product. High or strong hold will keep your hair more rigid and in place for longer.Ĭonversely, men's hair styling products with low or medium hold will leave your hair more malleable and easier to adjust. The holding power of a product is reflected by how flexible your hair is after application. ![]() ![]() And three of the most common words you’re likely to encounter are hold, shine, and texture. Hair products for men explained - the difference between hold, shine, and textureīefore you shell out money for your men's hair styling product, it pays to get familiar with the terminology. They work to keep your hair in place and also protect against environmental factors like humidity. Hairsprays are useful for all hair types and come in both strong hold and low hold. However, if you’ve opted for a lighter-weight product as your foundation, then hair spray will lock your hairstyle in place. What is the best product to keep hair in place?ĭepending on the length and type of your hair, different men's hair styling products will provide the most optimal hold. Although a water based pomade may not provide the same level of hold as the oil-based variety, they will still keep your hair firmly in place. When shopping for a pomade, try to select a high-quality water-based product. This gives you the advantage of being able to restyle your hair throughout the day. Unlike many gels, pomades won’t make your hair hard or crunchy. On the flip side, you want to steer clear of products like gels and clays that can dry your hair out. These men's hair styling products work well because they’re high in moisture and give your hair a slightly wet finish. Guys with wavy hair can get excellent results from both pomades and creams. For more hold and a matte finish, apply to drier hair. Pro Tip: For more shine, apply your pomade of choice to wetter hair. Coconut oil is your best friend here - it keeps your scalp hydrated and also helps prevent brittle, damaged hair. White tea is rich in the antioxidant epigallocatechin gallate, which helps promote hair growth and fights hair loss.Īnd remember - healthy hair starts with your scalp, so avoid anything made with chemicals which could dry your scalp out, leaving you with an itchy head and flaky skin. Though if you can find one, we recommend a pomade formulated with organic white tea. Use a water or white-tea based pomade for medium length men's hair.Ī water-based pomade gives your mane a sleek, shiny appearance and won't leave any residue at the end of the day. Get ready to say hello to your new go-to product for epic hair days! Best men’s hair styling product for medium length hair It just doesn't work like that in real life.īut fear not! In our latest blog post, we're spilling the beans on the best hair styling product for men, no matter what your hair type. Let's face it, most guys don't wake up with movie-star hair. ![]()
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![]() ![]() Monthly & annual subscribers and lifetime license holders have no such restrictions, while gaining access to the PDF Candy Windows desktop app. Free users are limited to performing one task every hour - which might be no bad thing for casual Word to PDF converters. However, there’s a price to pay for simplicity. In our review, we praised the way PDF Candy simplified and streamlined editing and converting PDFs. After this, the service automatically converts your file, ready for download or upload to your cloud storage. ![]() Next, upload your Word doc from the desktop or through a DropBox or Google Drive cloud storage space. Select the Word to PDF function - you can favorite any action button by clicking the star, bringing it to the top of the list. PDF Candy promises to convert your documents in a single click. This includes 10 ‘convert from PDF’ tools and 19 tools to convert to PDF, such as image and eReader filetypes, Excel, PowerPoint, and Word. The service offers an impressive 47 tools for altering and manipulating PDF documents. But it's the comprehensive PDF editing and converting toolkit that sets PDF Candy apart some of the other best Word to PDF converters. The interface is exceedingly simple - with its big, bold buttons, you’ll always know exactly where to go and what to do. PDF Candy is one of our favorite free Word to PDF converters. Overall, Foxit PDF Editor is an excellent candidate for the best Word to PDF converter available today. A perpetual license is available but doesn’t include future updates to the software. The Standard version has almost all the features that most businesses will need for a monthly fee. However, while other best Word to PDF converter candidates, like Soda PDF, have an online version nearly identical to its desktop version in functionality, the online version of Foxit PDF Editor is quite basic and feels like a different product entirely.įoxit PDF Editor has a free 14-day evaluation and comes in Standard and Business versions. ![]() While these features are often available in other PDF editors, being able to save them as a template and use them repeatedly for batch processing is an excellent time-saving feature. Its most recent software, Foxit PDF Editor, is a clear choice for converting Word documents to PDF, having additional settings upon conversion that other software doesn’t.įor example, you can set file options for optimizing the PDF for online viewing, add a watermark, ensure that the file conforms to specific PDFA standards (PDF/A-1b to PDF/A-3u), add headers and footers, and specify passwords and permissions. Soda PDF is intuitive to use and has advanced features such as PDF forms, secure signing, and OCR, so if you work with PDFs daily, it’s an excellent choice.įoxit is a company that’s almost as synonymous with PDF as Adobe, having offered PDF editing tools for decades. A Soda PDF license gets you unlimited access to both the online editor and the offline desktop app. Soda PDF offers three monthly and annual subscription tiers, each adding more features, such as OCR and eSign software. You can even batch convert Word documents into individual PDFs. You can create a PDF from any Word document, and merge multiple Word documents into a single PDF. When we tested out the software, we were delighted to find versatile, well-designed, easy to use PDF solution.įrankly, some of these tools rival Adobe Acrobat Pro, allowing you to convert between an extensive list of file formats and edit your created PDFs. There's even an iOS, giving Soda PDF great utility as a multiplatform file conversion tool. You can also download a desktop app for Windows and Mac for offline Word to PDF conversion. It's available as a web-based tool for free online PDF conversion - with upload limits, of course. Claiming to offer the "fastest PDF to Office Converter on market", it's a jam-packed PDF editor, manipulator, converter, merger, and everything else you'll likely need in your day-to-day PDF management. Soda PDF is easily one of the best PDF anything's around, let alone the best Word to PDF converter. Some useful tools are only available to the Pro subscription ![]() ![]() It’s a cartoony art style that is being shed out by photo realistic graphics, so its good to see that here and done so well. Even without that DeathSpank would remain a visually appealing game for its mix of a 3D environment and 2D elements. It’s not often that we get to fight evil unicorns, giant turtles, and deal with orphans. Where I did find the game humorous was in the unique art style of the enemies. DeathSpank’s story and dialogue aims to get a few laughs from the player, but I never found much humor in the writing. I was hoping to find dungeons and puzzles somewhere. You’ll find that they mostly consist of delivering something or killing something for someone. There is plenty of side quest to do throughout the game, but they can get repetitive. In any other game the antagonist would be planning to steal “The Artifact” for himself but in DeathSpank Lord Von Prong only wishes to steal DeathSpank’s purple thong. The story only gets sillier when we’re introduced to DeathSpank’s nemesis, Lord Von Prong. Like most games, DeathSpank is looking for a mystical object only known as “The Artifact.” What he needs it for and what it does is unknown to both the player and to DeathSpank. Hothead Games doesn’t let us down with DeathSpank, and continues the poke fun of gaming cliches with its satirical jokes on heroism and more.ĭeathSpank is an action RPG with plenty of loot to collect, but DeathSpank is also the name of our hero. ![]() With that being said, we know that we can expect humorous writing and a wacky in-game world. ![]() DeathSpank is the new downloadable game brought to us by Hothead Games, the studio behind the Penny Arcade game series. ![]() ![]() ![]() If you recently have taken mandatory reporting training from an approved provider with a current curriculum your certificate is valid 5 years past the date of the training. IDPH will not be renewing any approval/provider numbers due to this change. Any current approval/provider numbers issued through the Iowa Department of Public Health (IDPH) will be void after June 30, 2019. Contact the Centralized Child Care Assistance Eligibility Unit (CCA) at 86 for questions about child care assistance. The webpage and training will be available on July 1, 2019. Child Care Assistance: Iowa offers subsidized child care for children in families with low incomes. Lacona is currently declining at a rate of -0.88 annually and its population has decreased by -2.61 since the most recent census, which recorded a population of 345 in 2020. With a 2023 population of 336, it is the 541st largest city in Iowa and the 14707th largest city in the United States. ![]() FIP provides cash assistance to needy families as they become self-supporting so that children may be cared for in their own homes or in the homes of relatives. Location by County Please note: Field offices are open for in-person meetings as of July 1. Lacona is a city located in Warren County Iowa. This will be the only approved training allowed in Iowa and the only way to receive the training. The Family Investment Program (FIP) is Iowas Temporary Assistance to Needy Families (TANF) program. There are changes in how often you need to take the training, instead of every five years it is now every three years. There will be a two hour child abuse and a two hour dependent adult abuse available on the DHS website free of charge. Beginning July 1, 2019, the Iowa Department of Human Services (DHS) will take over the responsibilities for mandatory reporting training. ![]() On May 8, 2019, Governor Reynolds signed into law HF731, making changes on how mandatory reporting training is provided. DHS has a new resource for stakeholders to understand how the Medicaid program operates in Iowa. The Iowa Home & Community Based Services (HCBS) waivers are Medicaid Programs that provide service funding & individualized supports that allow for more choice about how & where services are received. ![]() ![]() ![]() After an absolute blockbuster weekend of combat sports action, the MMASucka podcast crew return to review all the action.An audio-only version of the show can be found below and on Apple Podcasts, Google Podcasts, Spotify, and Stitcher. UFC welterweight champion and No.1 ranked pound-for-pound fighter on the planet, Kamaru Usman, will defend his unbeaten record as a titleholder at 170lbs versus Leon Edwards in the main event of the evening. On August 20, the UFC returns to our screens for a highly stacked pay-per-view event from the Vivint in Salt Lake City, Utah.Poor geeky Bridget was one of the series’ more regrettable executions. Once loveable scientist Bridget had sniffed out the vaccine’s hidden protein, she had to be – in Arby’s words – neutralised by the Network. When Marc Munden’s camera lingered on the same colours in the chequerboard of the police car parked outside the gang’s temporary hide-out, the effect of the yellow and blue became clear: it makes each frame of Utopia feel as if it’s in a state of constant emergency.ĭugdale’s plot this episode underlined Utopia’s point about the compromises good (well, averagely good) people will make to protect themselves and their loved ones. From Joe and Lee’s clothing to the desk chairs, folders and office lighting in the opening scene, from the scrollwork in the hospital corridor Jessica was being wheeled down to the blue denim jacket of the man watching her leap to freedom from that yellow hospital waste van, the attention to detail was exquisite. Every one of episode three’s meticulously designed scenes contained something tying it to the series’ trademark yellow and blue. What it is looking is beautifully manicured. Will the Network ever let him skip off into the sunset with his ready-made family? It’s not looking hopeful. Series two Arby is doing it all for love, double-crossing the Manuscript Gang to get back to his blissful suburban holiday as a step-dad plumber. The decision to show the corpses Arby left behind but not the act itself was perhaps aimed at keeping our fondness for his character intact. I can’t have been the only one shrugging when that particular throat was cut. Need a riddle solved? Cue some frantic tapping by a spotty youth with more keyboards than Rick Wakeman and hey presto! There’s your answer. Obnoxious young members of hacking collectives are the Sonic Screwdriver workaround of cyber thrillers. Ian and Becky’s romance aside (I moaned enough about that emotional cul de sac in series one to start again here), the episode’s one weak link was the gang’s visit to the rent-a-hacker teen. Be honest though, who hasn’t watched a viral cat video and been struck by the certain realisation that humanity is doomed? Which precise part of the shark-cat-Roomba-duckling combo tipped Carvel off that Janus was about to be deployed we don’t know. If only Carvel could remember how to do anything other than shuffle around like Gandalf with a hangover, they might actually get somewhere.Ĭarvel did speak enough English this week to prophesy imminent death at Grant after watching some telly. Wilson Wilson is now sitting uncomfortably in Arby’s former seat, while Arby – right down to stealing some of her lines – is the gang’s new Jessica Hyde (or at least pretending to be until he can trade them all in for Tess and little Amanda).Ĭrucially, Team Manuscript now includes Philip Carvel, who’s the key to Becky’s disease, and likely the only person who knows what adjustment he made to Janus before it goes on global release. The difference this time around is the change in player positions. With the gang back on the run, rippling with suspicion, and batting away the swarm of question marks flying around their heads, this was Utopia as we know and love it. Never one to rush, even with a gun pointed at his head or a victim spurting like Monty Python’s Black Knight all over his crime scene, he ushered us nastily in to an episode that felt closer to series one than the previous instalment. Lee’s soft-spoken, genial approach to villainy is pure Utopia comical, nasty and unsettling. The sharp-suited psycho opened the episode by committing the most unfazed, unflappable TV murder since Lorne Malvo left our screens. Some mysteries, we suppose, need to be saved for a potential third series – if, that is, Lee survives for that long on Arby’s shit list. Of the many riddles we’ve been set by Utopia’s Sphinx-like second series, one is yet to be asked: what’s Lee’s story? Episode three belonged to Paul Ready’s hit man in the acid yellow suit, but unlike Arby and Jessica, we still don’t know the first thing about his origins. ![]() ![]() ![]() Viceron Zordoom Prison CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via PolygonĪrdolis Pirate Base CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via PolygonĪfter you complete Ardolis Pirate Base’s pirate trials and collect the Robot Pirate Helmet, look for this CraiggerBear in the corner just before you exit the trials. Back on the main level, look for this CraiggerBear sticking out of a snowbank. Once you land on Cordelion Kedaro Station, you’ll have to climb up to the top of the main mining platform to swap dimensions. Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via PolygonĬordelion Kedaro Station CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon You’ll find this planet’s CraiggerBear on the counter. In the main part of Torren IV Molonoth Gulch’s town, look for a vendor just south of Ms. Torren IV Molonoth Gulch CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon ![]() In that next room, look for this CraiggerBear on a pile of junk in the northeast corner. Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygonīlizar Prime Blizon Mines CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via PolygonĪfter Blizar Prime’s landing pad, you’ll have to swap between dimensions a little to get past a glass wall (the room behind Ms. At the end of the short path, you’ll find this CraiggerBear near some pots. After your first timed sprint across the floating rocks, take a left. Off the southern edge of Savali Urfdah Mesa, you’ll go through some trials as part of the “Ascend the Mountain” objective. Savali Urfdah Mesa CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon This CraiggerBear is sitting on the counter as soon as you walk in. When you leave Scarstu Debris Field’s landing pad, you’ll make your way through a rift and into Zurkie’s. Scarstu Debris Field Zurkie’s CraiggerBear locations Inside, turn on the TV to pick up the Lomax and Chill trophy. Sargasso Outpost L51 CraiggerBear location Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via PolygonĪs you’re making your way to the factory on Sargasso Outpost L51, you’ll pass by Rivet’s Hideout. Approach the stall to collect your first CraiggerBear. ![]() Look for a round, green robot in a vendor’s stall. Near Corson IV Nefarious City’s bazaar, head north toward the Pocket Dimension. Corson V Nefarious City CraiggerBear locations Graphic: Jeffrey Parkin/Polygon | Source images: Insomniac Games/Sony Interactive Entertainment via Polygon ![]() ![]() Was the use case for this app too edge-casey or advanced? Did we overestimate the amount of file management people want to do on a portable device? Should we have focused more on document viewing capabilities? Maybe all of the above? It all leads to one hecka murky situation. Finally, the new Files app in iOS 10 overlaps a lot of file-management functionality Transmit provides, and feels like a more natural place for that functionality. Also, paid upgrades are still a matter of great debate and discomfort in the iOS universe, so the normally logical idea of a paid “Transmit 2 for iOS” would be unlikely to help. And the app needs full-time work - we’d love to be adding all of the new protocols we added in Transmit 5, as well as some dream features, but the low revenue would render that effort a guaranteed money-loser. That’s not enough to cover even a half-time developer working on the app. Transmit iOS made about $35k in revenue in the last year, representing a minuscule fraction of our overall 2017 app revenue. …but, quite sadly, there just weren’t enough of these lovely people. This app is easier to use, faster, better written and more effective at managing files on my NAS and servers than the vendor-supplied apps. I think we made an app that is beautiful, elegant, and extremely powerful - a really great way to manage files on iOS with a wide variety of server types.įor people who needed it, Transmit iOS was truly much-loved… I’m extremely proud of the finished product. ![]() Finally, we thought, in addition to using Transmit iOS to upload/download whatever you need, you could easily (?) get data out of apps and send it to your favorite servers. Transmit for iOS always felt like an obvious addition to our lineup, but we never thought it made a ton of sense in the tightly-restricted world of iOS until Apple announced the “Share Sheet” for iOS 8. We really hope to bring it back someday in some form.This also does not affect Coda iOS and Prompt iOS, both of which are still going strong.This does not affect Transmit 5 for Mac. It’s doing extremely well.Revenue was not enough to cover development - we won’t sell something we can’t actively develop.We are suspending the sale of Transmit iOS very soon.Here’s an update on Transmit iOS that I promise will not use the words “sunset” or “journey”. ![]() ![]() ![]() Thus, the strategic position of Antony and Octavian became quite serious, since the already depleted regions of Macedonia and Thessaly were unable to supply their army for long, while Brutus could easily receive supplies from the sea. On the same day of the first battle of Philippi the Republican fleet, patrolling the Ionian Sea, was able to intercept and destroy the triumvirs’ reinforcements (two legions and other troops and supplies led by Gnaeus Domitius Calvinus). Gnaeus Domitius Calvinus coin / Wikimedia Commons We were not his soldiers then, but our country’s”) and with a gift of 1,500 denari for each legionary and 7,500 for each centurion. Cassius tried in all ways to reinforce the soldiers’ loyalty both with strong speeches (“Let it give no one any concern that he has been one of Caesar’s soldiers. The loyalty of the soldiers who were supposed to fight against Caesar’s heir was a delicate issue for the Liberators. However, at least the XXXVI legion consisted of old Pompeian veterans, enrolled in Caesar’s army after the Battle of Pharsalus. ![]() This army included Caesar’s old legions present in the East (probably with XXVII, XXXVI, XXXVII, XXXI and XXXIII legions) thus much of the Liberators’ army was made up of former Caesarean veterans. Allied cavalry included a total of 17,000 horsemen, including 5,000 bowmen mounted in the Eastern fashion. Appian reports that the army mustered a total of about 80,000 foot-soldiers. Only two of the legions were at full ranks, but the army was reinforced by levies from the Eastern allied kingdoms. The Liberators’ army had seventeen legions (eight with Brutus and nine with Cassius, while two other legions were with the fleet). Furthermore, they had a large allied cavalry force (13,000 horsemen with Octavian and 20,000 with Antony). Appian reports that the triumvirs’ legions were almost at full-ranks. The sources report specifically the name of only one legion (IV legion), but other legions present included the VI, VII, VIII, X Equestris, XII, III, XXVI, XXVIII, XXIX, and XXX, since their veterans participated in the land settlements after the battle. The triumvirs brought 19 legions to the battlefield. As Marc Antony and the bulk of the triumvir’s troops arrived (minus Octavian, who was delayed at Dyrrachium because of ill health), they found Amphipolis well guarded and Norbanus was left in command of the town. ![]() When Brutus and Cassius managed to outflank them, Norbanus and Saxa retreated toward Amphipolis. By a ruse, Brutus and Cassius managed to make Norbanus leave this position, but Norbanus discovered the ruse in time to recover the dominating position. Although they were outnumbered, Norbanus and Saxa occupied a position near Philippi which prevented the republicans from advancing. In the neighborhood of Philippi, Norbanus and Saxa met the combined advancing troops of Cassius and Brutus. In 42 BC, Gaius Norbanus Flaccus and Decidius Saxa were sent by the triumvirs with an eight-legion advance guard into Macedonia against the murderers of Julius Caesar. The triumvirs decided to leave Lepidus in Italy, while the two main partners of the triumvirate (Antony and Octavian) moved to Northern Greece with their best troops (28 legions). ![]() One of their first tasks was to destroy the Liberators’ forces, not only to get full control of the Roman world, but also to avenge Caesar’s death. In Rome the three main Caesarian leaders (Antony, Octavian and Marcus Aemilius Lepidus), who controlled almost all the Roman army in the west, had crushed the opposition of the senate and established the second triumvirate. Wikimedia CommonsĪfter the murder of Caesar, Brutus and Cassius (the two main conspirators, also known as the Liberatores) had left Italy and taken control of all Eastern provinces (from Greece and Macedonia to Syria) and of the allied Eastern kingdoms. All coins are inscribed “III VIR R P C”, abbreviating tresviri rei publicae constituendae (“One of Three Men for the Regulation of the Republic”). From left to right, Mark Antony, Octavian and Lepidus portrayed in Roman coins. ![]() ![]() ![]() Exquisite watches, eyewear, belts, and luggage meet our exacting standards, and yours. We’re proud to offer Barbour apparel and accessories for men, a line rich with history and a legacy of sophistication you seek when nothing else will do.Ī well-appointed wardrobe doesn’t stop with the clothing on your back: You’ll find trusted and recognized brands throughout our men’s shoes, boots, and accessories. Our impressive collection of wrinkle-free shirts and pants for men stands at the ready for business travel and for low-maintenance days. Discover the humble sweatshirt dressed up, the vest dressed down, and the split personality of the classic polo shirt -at once suited for the links and the club dining room, paired with a sport coat. Orvis men’s clothing also includes classic options tailored in durable, comfortable fabrics. Our own team field tests these styles-we’re confident we can outfit you in the best clothing for men for whatever adventure comes your way. And we’re always finding ways to improve our customer-favorite technical clothing engineered for the sporting life, with innovative, eco-friendly textiles and better design features. Our men’s pants collection includes our new Out of Office™ pants and other styles made for comfort through and through, but with enough polish to look professional when you must. A changing landscape insists on a nimble clothing collection explore comfortable styles for the professional whose home office most days is an office at home. Discover options in these collections that transition seamlessly from the workplace to the water, and to points between. You’ll find them represented in equal measure in our clothing for men. We know you prize quality and technical performance as much as we do. Turn to Orvis for men’s clothing designed for the way you live. ![]() ![]() ![]() S&P 500 Index lost 10.8% in 1957, so Buffett’s investors actually thrilled to beat the market by 20.1 percentage points in 1957.īetween 19 Warren Buffett’s hedge fund returned 23.5% annually after deducting Warren Buffett’s 5.5 percentage point annual fees. That year Buffett’s hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as “fees”. His investors didn’t mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. That would have been 9.35% in hedge fund “fees”.Īctually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as “fees”. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. If Warren Buffett’s hedge fund didn’t generate any outperformance (i.e. Warren Buffett took 25% of all returns in excess of 6 percent.įor example S&P 500 Index returned 43.4% in 1958. Back then they weren’t called hedge funds, they were called “partnerships”. He launched his hedge fund in 1956 with $105,100 in seed capital. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. There is a good chance, in our view, that it will be blocked by regulators, which would mean the future opportunity to expand its offerings to the developer community (beyond designers) may not occur.” For Adobe, the status of its pending $20 billion-plus Figma acquisition is also uncertain. As a result, our position sizes in Adobe and Alphabet remain sizable. There are also significant barriers to building leading AI offerings in these areas. ![]() While we think it remains early days for ChatGPT and the capabilities of these types of LLMs and generative AI programs like DALL-E, the technology seems to be progressing at a fast rate and will at least require a strong response from incumbents.Īs of now, we believe Alphabet and Adobe are leaders in their own right in these areas and have a clear path to improving their existing offerings with AI advancements, which would allow them to be net beneficiaries of AI. We now see AI systems others are developing, including LLMs and generative AI offerings, that could be more competitive in the future. At the same time, breakthrough technologies like AI can open the door to additional competition and/or impact a company’s profitability levels. Both companies already use generative AI to the benefit of their users in anticipating how content creators edit their work (Adobe) and in how search results are anticipated and generated (Google). Interestingly, both Adobe and Alphabet could see benefits or threats from the emergence of generative AI and large language models (LLMs). (NASDAQ:ADBE) is AI systems and their capabilities, including generative AI. “One area we are watching regarding Alphabet and Adobe Inc. (NASDAQ:ADBE) in its Q1 2023 investor letter : Polen Focus Growth Strategy made the following comment about Adobe Inc. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company. (NASDAQ:ADBE), with collective stakes worth $7.3 billion. According to Insider Monkey’s first quarter database, 99 hedge funds were bullish on Adobe Inc. ![]() |
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