Tag Archives: Munger

Berkshire Hathaway Vice Chairman Charlie Munger did some kicking of a downed dog on Saturday. “Wasn’t that pretty obvious that something like that was going to happen?” Munger said during the Berkshire Hathaway annual shareholders meeting after bringing up Robinhood’s business troubles, later adding the company’s business model “was disgusting… God is getting just. … There’s been some justice.” A spokesperson for Robinhood didn’t immediately return Yahoo Finance’s request for… Source link

Tesla CEO Elon Musk.Chris Saucedo/Getty Images for SXSW Billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail,” Elon Musk recounted. Musk said the Berkshire Hathaway vice chairman’s comment made him “quite sad.” Tesla is currently the world’s most valuable carmaker with a market capitalization of $954.3 billion. Elon Musk said billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail.” The Tesla CEO was responding to a… Source link

In an exclusive interview Wednesday with Yahoo Finance Editor-in-Chief Andy Serwer, legendary investor Charlie Munger weighed in on the high stakes of soaring inflation in the United States. Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” He notes that it was after of years of inflation when “eventually the whole damn Roman Empire collapsed, so [the current… Source link

Charlie Munger just doubled his bet on tech giant Alibaba to $71.5 million — try these 3 China plays instead to diversify your exposure Warren Buffett is famous for getting “greedy when others are fearful.” And his right-hand man Charlie Munger isn’t opposed to going against the herd, either. Best known as Berkshire Hathaway’s vice chairman and Buffett’s long-time business partner, Munger also serves as the chairman of Daily Journal, a newspaper publisher with a sizable stock portfolio of… Source link

(Reuters) -Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China’s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November. The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China’s book and “step in preemptively to stop speculation”. “I don’t want the, all of the Chinese system, but… Source link

TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link

Bloomberg Buffett’s Berkshire Gets More Cautious on Stocks and Buybacks (Bloomberg) — Warren Buffett’s capital-deployment machine pulled back on several fronts at the start of the year as the billionaire took a more cautious stance on stocks.Berkshire Hathaway Inc.’s net stock sales in the first quarter were the second-highest in almost five years and the conglomerate, where the billionaire is chief executive officer, slowed its buyback pace, according to a regulatory filing Saturday…. Source link

Legendary investor and polymath Charlie Munger, Berkshire Hathaway’s vice-chairman and Warren Buffett’s long-time business partner, has said several times the best way to learn about business is to study the multi-decade financial results of great businesses. Business schools that don’t adopt this method are doing their students a disservice, he said. “The Harvard Business School, when it started out way early, they started out with a history of business. They take you through the building… Source link

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

Legendary investor and polymath Charlie Munger, Berkshire Hathaway’s vice-chairman and Warren Buffett’s long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal Corporation (DJCO) in Los Angeles On Wednesday.  “We won’t be able to join each other in person this year, but I hope that many shareholders will join our annual meeting online. In the meeting, Jerry [Salzman] and I, as usual, will answer many questions,” Munger wrote in a letter to shareholders… Source link