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☆ Here's what 93-year-old Warren Buffett and YouTuber Ryan Trahan, 25, have in common
▼ + stars: | 2024-04-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett, 93, has more in common with YouTuber Ryan Trahan, 25, than you might think. Trahan specializes in turning a penny into hundreds or even thousands of dollars within days. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If the 93-year-old investor watched YouTube, he might be a fan of Ryan Trahan.

Persons: Warren Buffett, YouTuber Ryan Trahan, Trahan, —, Ryan Trahan, Charlie Munger, Berkshire Hathaway, vlogger, hawking, Buffett, penny's Organizations: Service, YouTube, Berkshire, Buffett —, HBO Locations: California, North Carolina, McDonald's, Berkshire

☆ Mandatory retirement ages for boards and CEOs. What you need to know
▼ + stars: | 2024-01-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

Boards are most likely to have mandatory retirement age policiesHaving a mandatory retirement policy for board members is up to the discretion of individual companies. “In 2023, 69% of [S&P 500] boards reported having a mandatory retirement policy — down one point from 2022,” according to an August 2023 report from executive search firm Spencer Stuart. Many other public safety occupations do have mandatory retirement ages. The whys behind mandatory retirement agesThere may be varied stated reasons for having a mandatory retirement age, such as opening up the pipeline for younger talent to have more opportunities. For that reason, advocates for older workers, like the AARP, contend all mandatory retirement ages should be eliminated, even for demanding jobs involving public safety.

Persons: Al Gore, Russell, —, Berkshire Hathaway’s Warren Buffett, Spencer Stuart, ”, Matteo Tonello, Tonnello, Tonello, Brian Cornell, Dave Calhoun, Thomas McKinney, McKinney, “, Mary O’Neill, ” O’Neill Organizations: New, New York CNN, Former, Berkshire, Conference Board, Corporate America, The Conference Board, Boeing, American College of Surgeons, Capitol Police, U.S ., Personnel Management, Commission, AARP Locations: New York, Corporate America, Corporate, Calhoun, Castronovo, McKinney, , New Jersey, —, Federal, New York State

☆ World's five richest men have doubled their wealth since 2020, report finds
▼ + stars: | 2024-01-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Amazon founder and chairman is one of the world's richest men. The world's five richest men have more than doubled their vast wealth since 2020, according to an Oxfam report, as the charity calls for curbs on "corporate power." Oxfam used data from Forbes and Wealth X which has not been independently verified by CNBC. Seven of the world's ten biggest companies have a billionaire as their CEO or main shareholder, the report found. Meanwhile, the world's richest 1% of people own 43% of global financial assets, according to the research, such as publicly listed instruments like stocks and bonds, along with stakes in privately-held businesses.

Persons: Jeff Bezos, Elon Musk, Bernard Arnault, Larry Ellison, Warren Buffett — Organizations: Kansas City Chiefs, Los Angeles Chargers, Arrowhead, Oxfam, Oracle, Forbes, Wealth, CNBC Locations: Kansas City , Missouri, Davos, Switzerland

Political Cartoons View All 253 Images"Very soon Oxfam predicts that we will have a trillionaire within a decade. With Brazil hosting this year's Group of 20 summit of leading industrial and developing nations, Lawson said it was a “good time for Oxfam to raise awareness” about inequalities. Brazilian President Luiz Inacio Lula da Silva has put issues that concern the developing world at the heart of the G20 agenda. To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. For the bottom 60% of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.

Persons: — Tesla, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, ”, Amitabh Behar, John D, Musk, Lawson, Luiz Inacio Lula da Silva, Forbes, ___ Pylas Organizations: Oxfam, Amazon, Oracle, Rockefeller of Standard Oil, Forbes, Brazil, UBS Global, Credit Suisse Global Wealth Locations: DAVOS, Switzerland, Swiss, Davos, Saudi Arabia, Ukraine, London

☆ Another Billionaire Finds It's Hard to Run a Newspaper
▼ + stars: | 2024-01-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Another billionaire is having a hard time with his newspaper. That's because the LA Times is owned by billionaire Patrick Soon-Shiong, and it is losing money; even though Soon-Shiong is a billionaire, even billionaires have limits. Asked for comment, an LA Times spokesperson said that company leaders "don't generally make forward-looking statements about staffing levels and aren't able to comment further at this time." In 2021, The Wall Street Journal reported that Soon-Shiong was considering selling the LA Times itself , but Soon-Shiong said that was not the case. Last fall, for instance, The Washington Post — owned by Amazon founder Jeff Bezos — one of the richest men in the world — underwent giant staff cuts .

Persons: Patrick Soon, Jeff Bezos's Washington, Warren Buffett, —, Kevin Merida, Patrick, Shiong Axelle, Bauer, Griffin, It's, Shiong, doesn't, Jeff Bezos —, Warren Buffett — Organizations: Los Angeles Times, Jeff Bezos's Washington Post, Service, LA Times, LA, San Diego Union, Tribune, Street Journal, Washington Post, Amazon, Omaha, Alden Global Capital Locations: Merida, San Diego, Berkshire

☆ Warren Buffett's Berkshire Hathaway has now cashed in $540 million of HP stock in under a month
▼ + stars: | 2023-10-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway sold another $130 million of HP shares in three days. The investor's company has now cashed in about $540 million of the computing stock in under a month. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway jettisoned another $130 million worth of HP stock during the last three trading days, it revealed in a regulatory filing on Monday. Buffett's conglomerate owned nearly 121 million shares, or 12.3% of HP, before it began selling on September 11. Prior to last month, Buffett's company hadn't touched the holding since last April.

Persons: Warren, Berkshire Hathaway, —, hadn't, Bill Hewlett, David Packard, Buffett —, Buffett, haven't, Todd Combs, Ted Weschler Organizations: HP, Service, Vanguard, Berkshire, Hewlett, Packard, HP Inc, Apple, Bank of America, American Express Locations: Berkshire, Monday's, California, Bank

☆ Insider Today: Apple's new iPhone is here
▼ + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York

☆ This Fidelity manager has crushed the S&P 500 since 1989—here's his advice for investors
▼ + stars: | 2023-08-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +7 min

Since his fund, Fidelity Low-Priced Stock, launched in December 1989, investors have enjoyed an annualized total return of about 13%. The same investment in an S&P 500 index fund would be worth about $25,000. How do you define a value stock? Joel Tillinghast Lead manager, Fidelity Low-Priced StockThere's so much more information through news media and Wall Street. Put it in the index fund or find a better manager.

Persons: Joel Tillinghast, you'd, Tillinghast, — Morgan Peck, Sam Chamovitz —, they're, Russell, Sam Chamovitz, You've, Warren Buffett, Will Danoff Organizations: Fame, Fidelity, Morningstar Direct, CNBC, Street, Beverage Locations: Tillinghast's, Japan

☆ 'Oracle of Boston' Seth Klarman's value investing principles have stood the test of time
▼ + stars: | 2023-07-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Baupost Group's Seth Klarman, nicknamed "the Oracle of Boston," is revered in value investing circles for his disciplined investment philosophy, maybe because his style has stood the test of time. The billionaire hedge fund manager has been an almost religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets to ensure a margin of safety. Klarman has drawn comparisons to Warren Buffett — Buffett being a student of Graham's at Columbia University — for his patient, disciplined investment style. The 66-year-old Harvard and Cornell grad published his investment book, "Margin of Safety," in 1991. The hedge fund manager posted a mid-single digit decline last year, beating the S & P 500 which fell nearly 20%, the Financial Times reported.

Persons: Baupost, Seth Klarman, Benjamin Graham's, Klarman, Warren Buffett — Buffett, Columbia University —, Benjamin Graham, David Dodd, Klarman hasn't Organizations: Oracle, Boston, Columbia University, Harvard, Cornell grad, CNBC, Financial Times Locations: Baupost

☆ Seth Klarman says investors face the challenge of an 'everything bubble'
▼ + stars: | 2023-06-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

When billionaire hedge fund manager Seth Klarman looks at the investing world today, he sees asset bubbles pretty much everywhere. Historically low interest rates, even zero rates, have precipitated that bubble." With the investing world now ruled by trendy bubble-like investments such as Bitcoin and meme stocks, Klarman said the need for a sound, practical approach to investing is vital. In a letter to clients at the end of 2022, he accused the U.S. central bank of constructing a "financial fantasyland" of artificially low interest rates and liquidity pumping. In the current environment, investors face challenges relating to economic uncertainty and a central bank holding interest rates high to battle inflation.

Persons: Seth Klarman, we've, Klarman, Benjamin Graham, David Dodd, You've, Warren Buffett — Buffett, Columbia University —, Graham, Dodd Organizations: CNBC, Cornell, Columbia University, Buffett, Liberty, Federal Reserve Locations: Boston, U.S

☆ Loews CEO James Tisch uses a famous Warren Buffett quote to explain the banking fiasco - and warns more lenders may get into trouble.
▼ + stars: | 2023-05-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Loews CEO James Tisch used a colorful Warren Buffett quote to describe the recent banking chaos. Tisch warned of more turmoil ahead, and urged the Fed to pause its rate hikes for three months. "As Warren Buffett says, 'When the tide goes out, you see who was swimming without a bathing suit,'" Tisch said. If authorities hadn't intervened, they risked a "full-fledged banking catastrophe" and a "massive, uncontrolled bank scare" with huge repercussions, he continued. However, Tisch warned of more trouble ahead.

☆ Warren Buffett's 'secret sauce' for investing success: Be 'business pickers' not 'stock pickers'
▼ + stars: | 2023-03-01 | by ( Mike Winters | ) www.cnbc.com time to read: +5 min

Berkshire Hathaway founder Warren Buffett — one of the most successful investors in the world — says he and vice chairman Charlie Munger are not "stock pickers; we are business pickers." "We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business," Buffett wrote in a 1989 shareholder letter. When a stock price seems low compared to the company's value, that's an opportunity to buy. But that doesn't mean that Buffett and Munger seek out the best bargains based on the stock price alone. You're investing in the business long-term, not just the stock price at the time of purchase.

☆ These stocks owned by Warren Buffett are poised for big gains, according to Wall Street analysts
▼ + stars: | 2023-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

CNBC looked for high-conviction names held in Buffett's stock portfolio through the end of September, according to the Berkshire Hathaway Portfolio Tracker . The Omaha-based conglomerate owned $471 million worth of Brazilian fintech Nu Holdings at the end of the third quarter. Wall Street analysts are bullish on the company, expecting the stock to rise more than 20% over the next year. However, Berkshire trimmed the stake by 12% in the third quarter as regulatory headwinds on the deal rose. Berkshire owned a $1.2 billion stake in the company as of September.

☆ Two classic books on long-term investing are out in new editions
▼ + stars: | 2023-01-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Two classic books on long-term investing are out in new editions. In December, the Wharton School's Jeremy Siegel published a new (6th) edition of his classic, Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. Like Malkiel, Ellis urged investors to diversify into low-cost index fund investing, which was a radical idea because there were no low-cost index funds at the time! The market eventually caught up with Malkiel, Siegel, Ellis and Bogle. Investors now had not just an index fund, they had a low-cost, tax-efficient wrapper they could buy it in.

☆ If you don't want a recession, stop talking about it
▼ + stars: | 2022-08-20 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

Every recession in the 20th and 21st century has followed predictable metrics — spending drops, unemployment rises, and manufacturing slows down. If you examine the economy with rising prices in mind, it looks like we're in a recession. Since the word is on everyone's lips, it's important that we hammer down the meaning of a recession. That said, we live in uncertain times, and nobody can predict whether or not a recession is imminent. Are Americans spending enough money to ensure that the service economy continues to add jobs?

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