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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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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What can Qualcomm do to fend off Broadcom?

When Broadcom proposed ousting Qualcomm’s board of directors on Dec. 4, it set in motion a high-stakes chess match for control of San Diego’s most iconic technology company. The outcome could reverberate not only locally, but throughout the tech industry — possibly changing the landscape for firms such as Apple, Google, Microsoft and Intel. Qualcomm invented… Please follow and like us:

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Tesla was under federal investigation over Model 3 and may still be, report says

PALO ALTO, Calif. — The Securities and Exchange Commission investigated Tesla over how it was selling its Model 3 sedan, but the company didn’t tell investors about it, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under investigation by the securities regulator from June… Please follow and like us:

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Broadcom moves to unseat Qualcomm board, escalates takeover fight

Singapore-based computer chip maker Broadcom stepped up its battle for rival Qualcomm on Monday, proposing a new slate of board members for the US firm to back a $130 billion hostile bid. Broadcom, which has signaled its plan to reincorporate in the United States, said the effort to replace the Qualcomm board members is aimed at… Please follow and like us:

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Paul Singers $2 Billion Bet

A review of Paul Singer’s portfolio and his fearless investing strategies. His current focus: NXP Semiconductors (NasdaqGS: NXPI). Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign… Please follow and like us:

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A Dangerous Market Structure is More Worrying than Expensive Asset Valuations and Record Debt Levels

FASANARA CAPITAL letter for October “Learn how to see. Realize that everything connects to everything else.” – Leonardo da Vinci Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues A Dangerous Market… Please follow and like us:

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Embattled GE plans thousands of layoffs amid corporate overhaul

Embattled industrial giant General Electric announced a massive restructuring plan on Monday that includes thousands of job cuts and sales of some units as the new management tries to right the corporate ship. Newly-installed CEO John Flannery rolled out the plan to investors in New York, describing a moment of reckoning for the company amid falling… Please follow and like us:

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Fannie Mae and Freddie Mac still backed by too much credit

Federal Housing Finance Agency (FHFA) Director Mel Watt recently made an urgent plea for Congress to decide on a long-term strategy for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, now in their 10th year of conservatorship overseen by his agency. Capitol Hill does not seem to share Mr. Watt’s sense of urgency, however. The… Please follow and like us:

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Should investors fear purges in Saudi Arabia?

Saudi Arabia’s central bank has moved to allay investor fears amid an ongoing campaign of arrests targeting some of the country’s richest people, including members of the royal family. In a statement issued on Wednesday, the Saudi Arabian Monetary Agency said the round-up, which is ostensibly aimed at ending corruption, would not affect businesses associated with… Please follow and like us:

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Uber investors threaten to sue over Tuesday board vote

SAN FRANCISCO — Adding a new twist to ongoing drama at Uber, a group of prominent investors in the ride-hailing startup is threatening to sue if a contentious board vote Tuesday doesn’t go its way. The deeply fractured board was gearing up to vote on a handful of measures that would, among other changes, further reduce… Please follow and like us:

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Passive Investing Giants Defend Themselves Against Charges Of Being “Evil”

Passive Investing Giants Defend Themselves Against Charges Of Being “Evil” Are passive investors good stewards of corporate responsibility? A widely read Atlantic article, cited by a corporate governance panel at the Morningstar ETF Conference in Chicago, wondered aloud if passive investors “are evil.” Not so say representatives from passive goliaths Vanguard Group, Blackrock Inc and State Street Global Advisors. As passive investing is growing at historic… Please follow and like us:

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Is Silicon Valley Creating More Economic Inequality?

The old story of the American Dream is pretty straightforward: You work hard in school, develop skills and then get a job that provides decent wages and solid benefits. It was a dream that was actually realized by millions of people a generation or two ago — but journalist Rick Wartzman says the dream is increasingly… Please follow and like us:

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The last days of DuPont

American voters’ embrace of Donald Trump last fall — that rejection of business as usual — echoed an upheaval in corporate America the year before, when professional investors holding DuPont and Dow Chemical Co. stock embraced the radical prescriptions of such billionaire corporate raiders as Nelson Peltz and Daniel Loeb to cure what they saw as… Please follow and like us:

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$750 Million Securities Fraud Scheme Uncovered By FBI

Former CEO of Arthrocare Corporation Convicted for Orchestrating $750 Million Securities Fraud Scheme A federal jury today convicted the former chief executive officer of ArthroCare Corporation, a publicly traded medical device company based in Austin, Texas, for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million. Acting Assistant Attorney… Please follow and like us:

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