OMAHA, Neb. – In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway‘s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate. Buffett opened the letter by acknowledging that he has occasionally made … Read more
Berkshire Hathaway‘s Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a Bloomberg report. According to the SEC filing, Jain, who is one of Warren Buffett’s top lieutenants, sold 200 of his class A common stocks at an average of $695,418 per share, just … Read more
After Sensex ended 2,223 points lower on Monday and Nifty slipped to 24,056 amid a global sell-off, veteran American investor Jim Rogers says he is sitting on a lot of cash as the next collapse will be very bad. “America and the world is long overdue for a problem. The reason I have a lot … Read more
As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more
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
People walk past a residential building damaged as a result of shelling in Donetsk, Russian-controlled Ukraine, on February 24, 2024, amid the ongoing Russian-Ukrainian conflict. | Photo Credit: AFP Indian ‘helper’ dies in Russian war zone Hemil Ashvinbhai Mangukiya, a 23-year-old man from Gujarat who was hired as a security helper by the Russian Army, … Read more
A portfolio management strategy, which follows the principles of legendary investors such as Benjamin Graham and Warren Buffett, emerged as the top gainer of 2023. This is INVasset LLP’s Growth Pro Max Fund, which delivered 96.57 per cent return to high net worth investors in the past 12 months and 59.91 per cent return in … Read more
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
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
Paying his respects to Charlie Munger, Zerodha Founder, and Chief Executive Officer Nithin Kamath on Wednesday said that Munger’s ideas had a tremendous influence on him.Munger was the Vice Chairman of Berkshire Hathaway, a conglomerate run by Warren Buffet. He passed away on Tuesday at the age of 99 in a California hospital.”I had written … Read more