Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

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

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

The Hindu Morning Digest: February 25, 2024

The Hindu Morning Digest: February 25, 2024

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

Investing in the style of Benjamin Graham, Warren Buffett helps this PMS deliver 97% return

Investing in the style of Benjamin Graham, Warren Buffett helps this PMS deliver 97% return

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

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

Charlie Munger had a tremendous influence on me professionally: Zerodha’s Nithin Kamath

Charlie Munger had a tremendous influence on me professionally: Zerodha’s Nithin Kamath

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

Mungerism at its best! Top 10 quotes by Charlie Munger on life and investing – Guru Mantras

Mungerism at its best! Top 10 quotes by Charlie Munger on life and investing – Guru Mantras

Hero MotoCorp Share Price 3764.00 01:04 PM | 29 Nov 2023 142.00(3.92%) Mahindra & Mahindra Share Price 1608.15 01:04 PM | 29 Nov 2023 42.10(2.69%) Wipro Share Price 406.40 01:04 PM | 29 Nov 2023 9.55(2.41%) Axis Bank Share Price 1042.35 01:04 PM | 29 Nov 2023 21.20(2.08%) Britannia Industries Share Price 4810.60 01:04 PM … 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