WARREN BUFFETTS SIGNED PORTRAIT
Steve Ballmer is richer than Bill Gates, a first for Microsoft billionaires
Steve Ballmer surpassed Bill Gates to become the sixth-richest person globally, as Microsoft shares hit a record high, gaining 21% this year. Ballmer's net worth reached $157.2 billion, mostly in Microsoft shares, while Gates' diversified $156.7 billion fortune includes investments through Cascade Investment. Gates' wealth has reduced due to philanthropy, having donated nearly $60 billion to the Gates Foundation. Ballmer, who hasn't signed the Giving Pledge, focuses on smaller-scale philanthropic efforts. He succeeded Gates as Microsoft's CEO in 2000 and retired in 2014, later buying the Los Angeles Clippers.
Retail investors play with a time bomb but RBI and Sebi are watching
Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.
'Who wants to be a trillionaire': The game show is nearing its climax
A trillion dollars can purchase shares of all shares of McDonald's, PepsiCo, Coca-Cola, and more. Elon Musk is predicted to become the first trillionaire by 2032, followed by Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett. The term 'trillionaire' has sparked debates and calls for higher taxation on the ultrawealthy.
Charles T. Munger, much more than Warren Buffett's no. 2, dies at 99
Although overshadowed by Buffett, who relished the spotlight, Munger, a billionaire in his own right -- Forbes listed his fortune as $2.6 billion this year -- had far more influence at Berkshire than his title of vice chair suggested.
'Despite hardships, Charlie had a sharp sense of humour & an even sharper moral compass.' Bill Gates mourns death of 'extraordinary friend' & Berkshire VC Charlie Munger
The Microsoft founder mourned the death of Munger who was also the longtime business partner of Warren Buffett.
How Warren Buffett privately traded in stocks that Berkshire Hathaway was buying and selling
Buffett’s records show he reported at least $466 million in personal stock sales between 2000 and 2019. That’s a relatively modest sum for a person reported to be worth more than $100 billion (and indeed the records reveal vastly more trades in government and corporate bonds than in stocks). But the records include only securities he sold, not those he bought and held, so the portfolio is likely larger than ProPublica could see.
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Mastering the art of selling: Insights from seasoned investors
Market cycles, with their peaks, troughs, and lateral movements, are inherent aspects of the financial landscape.
Japan stocks fall on profit-taking; trading firms surge on Buffett buying
Japanese stocks declined for two consecutive sessions due to investors locking in profits. Trading houses, however, increased after Warren Buffet added to his stakes in the sector. Tokio Marine Holdings and Mizuho Financial Group both dropped due to a broad sell-off in insurers and financial companies. The Topix index fell 0.81% to 2,271.91 but the trading house sector increased by 0.89%. Technical indicators show short-term overheating, causing investors to sell their stocks and lock their gains. McDonald's Holdings Company Japan rose 0.52% after announcing a price increase in its urban locations.
Zerodha’s Nikhil Kamath to donate 50% of his wealth
“I am committed to positively impacting the world. The mission of creating a more equitable society aligns with my values and aspirations’’, said Kamath.
Warren Buffett shares thoughts on AI at shareholder meeting
Buffett and his partner Charlie Munger spent all day Saturday answering questions at the annual shareholders meeting for his Berkshire Hathaway conglomerate inside a packed arena in Omaha.
Warren Buffett faults handling of bank failures, upbeat on U.S., Berkshire
Speaking at Berkshire's annual shareholder meeting, Buffett criticized how politicians, regulators and the press have handled the recent failures of Silicon Valley Bank, Signature Bank and First Republic Bank, saying their "very poor" messaging has unnecessarily frightened depositors.
Japan stocks extend gains on boost from Buffett's comments
Department-store operator J.Front Retailing Co Ltd rose 1.3% after reporting a tripling in net profit for the year ended February after market close on Tuesday and forecast further growth. Mall owner Aeon Co Ltd rose 1%.
Sensex, Nifty ignore winter blues to scale new tops; should you be greedy or fearful now?
The ongoing rally has, however, left many investors puzzled as to whether they should follow Warren Buffett's classic rule of being fearful when others are greedy and being greedy when others are fearful.
Warren Buffett’s Berkshire picks up $5 billion TSMC stake
The semiconductor sector is at the center of a growing rift between the US and China as the two nations vie for leadership in the global technology industry. Washington has imposed elevated sanctions on high-end chips produced for Chinese customers specifically to forestall them making their way into the hands of the Chinese military.
Follow Buffett, go contra to make money in the long run: Siddhartha Bhaiya
“There are certain pockets which look attractive. Infra has done really well over the last one year so one needs to be very careful over there. Media, auto look very attractive to me. Pharma is something where value has started emerging. Infrastructure again looks good. There are pockets where valuations are very attractive, sectors that have not done well for a very long period of time.”
BYD stock sale is an old-school value-investing move by Buffett
Berkshire has begun shedding BYD stock, dragging down the firm’s shares as traders feared an exit by its most notable backer. For BYD, with profit that just tripled and a nearly 30% share in China’s expanding electric-car manufacturing market, the stock sales struck some as puzzling.
Warren Buffett's signed portrait fails to reach the million-mark, fetches a little over $75K at auction
Earlier this year, someone paid $19 million for a private lunch with the billionaire.
Billionaire Warren Buffett signed portrait is a hit already, bids top $30K
The proceeds from the art auction will go to Girls Inc. of Omaha.
Here’s why Warren Buffett loves oil giant Occidental Petroleum
Inflation looks to be the mega-trend for the first half of the 2020s and crude oil is one of the best natural hedges out there. Russia’s invasion of Ukraine and a lack of investment in new oilfields over the past five years have hit supplies, leading to stagnant production profiles everywhere from OPEC to US shale.
Buffett's Berkshire Hathaway wins OK to buy 50% Occidental stake
Some investors and analysts have nonetheless said Berkshire could eventually buy Occidental, diversifying an energy portfolio that includes several utilities, electricity distributors, and renewable power projects including wind.
ETMarkets Smart Talk: Market could underperform in August-September, says this expert who follows Buffett style of investing
"With FIIs turning net buyers in July, the smart money has moved out of IT and metal stocks and moved into value stocks. FIIs have reduced weight in sectors where they had relatively higher exposure such as IT. Besides the tightening measures taken by central banks around the globe, FIIs have reduced weight in sectors with higher risk and valuations."
Buffett’s Berkshire pounces on market slump to buy equities
Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 billion as the insurance and railroad businesses posted gains.
Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes
An NRI money manager, who runs a US-based hedge fund, has diversified even in paintings, vintage wine, sneakers and dollar bills signed by none other than Warren Buffett and Charlie Munger. The Macallan money manager, who handles over $300 million, keeps the allocation small at around 5 per cent in such collectibles because there is no liquid market for these assets, hence it's hard to find things to buy in the first place.
Want to do yourself a huge favour? Don't buy the dip… just yet!
This is one strategy that plays like a broken record every time the market falls. Even billionaire investor Warren Buffett influenced many when he said: “Be fearful when others are greedy and be greedy only when others are fearful," but 2022 has seen enough dips to turn investors' dream strategy into a nightmare.
Buffett gives successor Abel rare page space for sustainability
Buffett, who has faced mounting pressure on environmental issues over the years, typically navigates the topic by referring back to Berkshire’s operating model, where each company has individual responsibility for how it addresses such risks.
Warren Buffett’s top stock last year was the bank he’s been bailing on
Wells Fargo’s stock took off last year amid signs that Charlie Scharf is making progress in his efforts to turn the lender around. The chief executive officer and his team cleared some key regulatory hurdles, and full-year profit soared more than 10-fold after falling dramatically in 2020.
By exiting, is Warren Buffett escaping potential messiness of the Gates split between his 2 longtime friends?
The divorce put Buffett in an awkward position as tie-breaker for the two exes.
Buffett lessons for Indian investors: This is not the time to sell stocks
In terms of market cap-to-GDP -- called the Buffett Indicator -- India trades above 100 per cent, thanks to the contraction in GDP in FY21.
Warren Buffett admits mistake and more Berkshire Hathaway meeting takeaways
Berkshire revealed that it sold stocks again last quarter, bringing the total net value of equities it has dumped since the outset of the Covid-19 pandemic to more than $12 billion.
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