After losing 18 kg, the Big Bull is ready to fly, scoffs at the skeptics

MUMBAI: One of India’s richest investors, Rakesh Jhunjhunwala, on Friday acknowledged that there is a lot of skepticism for his latest entrepreneurial venture, Akasa Airline, but he is hopeful. “I see a lot of skepticism for the airline, but I am hopeful about it,” he told India Today in an interview. Jhunjhunwala, who is referred … Read more

Nearly 70% of millionaires are worried about leaving ‘too much’ money to their kids, survey finds

Wealthy celebrities like Daniel Craig and entrepreneurs like Warren Buffett and Kevin O’Leary aren’t the only ones concerned about leaving too much money to their children: Millionaires are increasingly worried about how much of their fortunes to give to their kids. That’s according to a survey conducted by The Motley Fool, which asked 2,000 high … Read more

10 tips from Market Wizard Bruce Kovner on what it takes to be a super investor

Over the past few decades, world famous investors like Warren Buffett, George Soros and Peter Lynch have not only beaten the market, but have gone past every notable industry benchmarks, reaffirming their standing as super-investors. And then there are some highly successful investors, who have achieved such feats but avoided the limelight and preferred to … Read more

As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy

Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven … Read more

Man busted in 2020 Twitter hack, bitcoin scam of Biden, Obama, Musk, Buffett accounts

Rafael Henrique | LightRocket | Getty Images A British man was arrested Wednesday in Spain in connection with the 2020 hack of Twitter accounts belonging to Apple, President Joe Biden, former President Barack Obama, Tesla chief Elon Musk, Warren Buffett, Microsoft founder Bill Gates and more than 100 others to swindle their followers out of … Read more

10 principles of successful investing from the legendary Roy R. Neuberger

Investment titan Roy Neuberger believed an investor needs a high level of energy, be quick with the numbers and, most importantly, needs to apply some common sense in order to achieve success in investing. The stock market isn’t everybody’s cup of tea, and the primary interest of investment shouldn’t be money, Neuberger used to say. … Read more

Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over

Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely uneven thing where… many … Read more

Intraday volumes drying up fast, Nifty up for some consolidation

The domestic equity indices continued their journey to new highs during the week gone by, albeit with lower volumes in the derivative segment. Compared with last year’s June, open interest is more or less same, but volumes in the derivative segment are down almost 30-40%. This indicates that intraday volumes have dried up, either due … Read more

An exposé has US Congress rethinking how to tax the superrich

A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to ensure that people like Jeff Bezos and Warren Buffett pay their fair share. For Republicans, the idea that the tax code should give preferential treatment to investment … Read more