Why Warren Buffett’s Bleak Prediction Of Cryptocurrencies Is Wrong

Billionaire investor Warren Buffett has joined a long line of influential voices from the traditional financial world pouring cold water on increasing enthusiasm for the new — and booming — asset class of cryptocurrencies. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and… Please follow and like us:

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Zuckerberg Loses $3.3 Billion After Facebook Change

Facebook co-founder Mark Zuckerberg is paying the price for the latest changes to the social networking site, losing nearly $3.3 billion of his personal net worth, according to a Forbes calculation. The 4.4 percent drop came just after Zuckerberg’s announcement that Facebook would change its algorithm to make people’s news feeds more focused on friends and… Please follow and like us:

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Warren Buffett Won a Decade-Old $1M Bet

Warren Buffett Won a Decade-Old $1M Bet In 2007, Warren Buffett challenged finance professionals in the hedge fund industry to accept a bet that Buffett described in his 2016 letter to shareholders of Berkshire-Hathaway (see p. 21-21): In Berkshire’s 2005 annual report, I argued that active investment management by professionals – in aggregate – would over… Please follow and like us:

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SoftBank The Next Berkshire Or Valeant?

SoftBank has an odd relationship with Uber. At one point SoftBank bought shares directly from the ride-sharing company at a $68 billion valuation, then tendered shares at a $50 billion valuation. But for AB Bernstein analyst Chris Lane, this dichotomy isn’t a concern about investing in SoftBank and its Vision fund. The tech soothsayers in Japan… Please follow and like us:

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Investing Successfully Is Really Hard

The newest SPIVA Scorecard from S&P with respect to actively managed U.S. funds shows that over the 15-year period ending December 2016, 92.15% of large-cap, 95.4% of mid-cap and 93.21% of small-cap managers trailed their respective benchmarks. Markets in every sector, every asset class and every geographical location provide similar results. Institutional managers fare no better.… Please follow and like us:

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The Rich Are Too Rich, Says Warren Buffett

One big problem in America is that while there is plenty of money, rich people have too much of it. So says the world’s second-richest man, Warren Buffett. The 86-year-old CEO of investing house Berkshire Hathaway has a net worth of $75.6 billion, according to Forbes, and he says massive sums like that are the reason… Please follow and like us:

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How Does Warren Buffett’s Berkshire Hathaway Make Money?

This article originally appeared on the Motley Fool. Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) is a truly massive operation with a $400 billion market cap. At its core, Berkshire Hathaway is an insurer that throws off a lot of cash. And while we’re big fans of the cash Berkshire has produced, we’re a lot more excited… Please follow and like us:

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There Are More Than 2,000 Billionaires, Forbes Reports

Few financial lists generate as much excitement as Forbes’ annual Billionaires List, which ranks the world’s richest people. From titan investors to the reigning royalty of the tech world, the usual suspects tend to top the list and consistently make the cut year after year, from Bill Gates to Warren Buffett. For 2017, Michael Bloomberg ranked… Please follow and like us:

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Unilever shares drop on Kraft withdrawal

US company Kraft Heinz’s rapid retreat from its surprise bid for Unilever sent the Anglo-Dutch group’s shares down over seven percent on Monday in London and Amsterdam. They had jumped 13 percent when the offer became public on Friday, but over the weekend the Americans said they were pulling out in the face of stiff resistance.… Please follow and like us:

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Gold Gets a Shot in the Arm from Inflation and China; China and India to Lead World Economy by 2050

Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January is the second straight month for rates to be above the Federal Reserve’s… Please follow and like us:

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