WEATHER ALERT
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
Read full article: Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questionsThis year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone.
A collection of the insights Warren Buffett offered in his annual letter Saturday
Read full article: A collection of the insights Warren Buffett offered in his annual letter SaturdayBillionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing.
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Read full article: Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successesWarren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisers who urge them to trade often.
Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum
Read full article: Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museumInvestor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past.
Buffett's company trims its stake in Chinese EV maker BYD
Read full article: Buffett's company trims its stake in Chinese EV maker BYDWarren Buffett's company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value.
Warren Buffett says pandemic's impact still hard to predict
Read full article: Warren Buffett says pandemic's impact still hard to predictInvestor Warren Buffett said the economic impact of the pandemic remains hard to predict but most big companies have fared OK throughout it as long as they weren't tied to travel.
Game on, again: GameStop surges and no one truly knows why
Read full article: Game on, again: GameStop surges and no one truly knows whyAfter weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday. After short-selling funds got badly burned by last month's sudden surge, many fewer GameStop shares are being sold short now. A day after testifying in a Congressional hearing about GameStop last week, he indicated he added another 50,000 shares after Feb. 3, doubling his GameStop stock position. On Wednesday, an hour or so before GameStop shares spiked, Cohen tweeted a photo of an ice cream cone from McDonald’s, along with an emoji of a frog. Even so, GameStop shares changed hands more times by midday Thursday than for Apple, a company with a market value nearly 180 times the size of GameStop.
Buffett's right-hand man says US stock market is overvalued
Read full article: Buffett's right-hand man says US stock market is overvaluedInvestor Warren Buffetts right-hand man, Munger, says the U.S. stock market is overvalued, but he doesnt know when the bubble will burst. Munger said Wednesday, Feb. 24, 2021, that the recent frenzy over GameStops stock was driven by small investors gambling on the stock market. – Investor Warren Buffett's right-hand man says the U.S. stock market is overvalued, but he doesn't know when the bubble will burst. Munger said the recent frenzy over GameStop's stock was driven by small investors gambling on the stock market. If you have unrealistic expectations, you’re going to be miserable all your life,” Munger said.