Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

OMAHA: Warren 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 advisors who urge them to trade often. Buffett also recounted how … Read more

World’s richest Elon Musk earned $94 billion in 2023. How much did other billionaires make – Elite Club

World’s richest Elon Musk earned $94 billion in 2023. How much did other billionaires make – Elite Club

Elon Musk’s net worth surged by nearly $94 billion in a year, while Gautam Adani, who was the world’s third richest person last year, saw his net worth fall by almost $35 billion in 2023 due to the fallout of the Hindenburg report. The Al-driven rally in tech stocks helped Mark Zuckerberg re-enter the top … Read more

Buffettology! These 7 Indian stocks echo Warren Buffett’s funda of investing – Buy Ideas

Buffettology! These 7 Indian stocks echo Warren Buffett’s funda of investing – Buy Ideas

UltraTech Cement Share Price 9003.65 03:58 PM | 30 Nov 2023 270.90(3.10%) HDFC LIFE INSURANCE Share Price 690.75 04:04 PM | 30 Nov 2023 15.10(2.23%) Eicher Motors Share Price 3896.90 03:59 PM | 30 Nov 2023 84.65(2.22%) Apollo Hospitals Enterprises Share Price 5528.95 03:58 PM | 30 Nov 2023 107.00(1.97%) Sun Pharmaceutical Industries Share Price … Read more

After Charlie Munger’s death, Berkshire Hathaway’s succession comes into focus

After Charlie Munger’s death, Berkshire Hathaway’s succession comes into focus

The death of Berkshire Hathaway‘s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate’s lone investing legend and shining the spotlight on managers who have largely operated in their shadow. Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each … Read more

Who was Charlie Munger, the Oracle of Pasadena who helped Warren Buffett build the Berkshire empire

Who was Charlie Munger, the Oracle of Pasadena who helped Warren Buffett build the Berkshire empire

The renowned American investor, businessman, and philanthropist, Charlie Munger, known as the ‘Oracle of Pasadena’, passed away on November 28, 2023, at the age of 99. Munger, best known as the vice chairman of Berkshire Hathaway, a conglomerate led by his longtime friend Warren Buffett, played a pivotal role in its success. Buffett, chairman and … Read more

Warren Buffett will beat the market in recession times, say investors

Warren Buffett will beat the market in recession times, say investors

Investors are worried about a looming US recession and looking for ways to beat it. A few ideas are in vogue. Defensive stocks. Japan. And — Warren Buffett. Finance professionals and retail investors reckon that there is a significant price premium embedded in Berkshire Hathaway Inc.’s shares, betting that the conglomerate will outperform the US … Read more

Investing legend Warren Buffett turns 92 today. Here are his top 5 investing mantras

Investing legend Warren Buffett turns 92 today. Here are his top 5 investing mantras

Investing legend Warren Buffett turned 92 today. The billionaire investor, whose fortune stands at $100.20 billion, is the world’s seventh richest man, as per Forbes. Buffett first invested in stocks on March 11, 1942. On that day, he purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of his … Read more

Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake

Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake

Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett’s … Read more

Warren Buffett deepens insurance bet with $11.6 bln Alleghany deal

Warren Buffett deepens insurance bet with $11.6 bln Alleghany deal

Warren Buffett’s Berkshire Hathaway Inc has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities. Alleghany adds to Berkshire’s already large insurance portfolio, which includes Geico auto insurance, General Re reinsurance and a unit that insures against … Read more

Berkshire Hathaway shows a rebound from the pandemic

photo

Berkshire Hathaway, the conglomerate run by Warren Buffett, reported $11.7 billion in net earnings in the first quarter on Saturday, swinging to a profit from a $49.7 billion loss a year ago, as the paper value of its investment gains soared. Buffett and Berkshire’s vice chairman, Charlie Munger, appeared upbeat after the earnings report at … Read more