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He was 13 when he first heard about trading stocks. Finally, he filters for volume with the "50-day average volume"— the average number of shares traded daily over 50 days — above 25,000 shares. He had been watching Nvidia's chart since December, and it had a consistent 200-day moving average trend upward. As of January 3rd, it held above its 50-day moving average, bouncing off resistance points around $8.83 and $8.94 with minor pullbacks. The stock had a strong 150- and 200-day average uptrend.
Persons: Leoš, Benjamin Graham's, William O'Neil, Mark Minervini, Norman Zadeh, Mikulka Organizations: Investor's, Gamestop, US, Business, Apple, Nvidia, Mitsubishi UFJ Financial, Holdings Locations: Prague, IBD
Read previewFormer President Donald Trump can't escape the issue of abortion rights. As a Florida resident, he will have the opportunity to vote on an abortion rights ballot initiative this November. Biden's campaign has also released multiple ads tied explicitly to the issue of abortion rights. "Elect me," Biden told reporters at the White House in response to a question about the Arizona ruling. Key battleground states, including Arizona and Nevada, may both have abortion rights directly on their respective ballots this November.
Persons: , Donald Trump, Trump, Marjorie Dannenfelser, Susan B, Sen, Lindsey Graham, Joe Biden's, They've, Roe, Wade, Biden's, Kamala Harris, Biden, Wade —, Jen Cox, Harris Organizations: Service, Business, South Carolina Republican, Good Republicans, Senate, White, Biden, Independents, Trump, Politico, Republican Locations: Arizona, Florida, Nevada
Y Combinator cofounder Paul Graham said there's one word in an email that hints it was written by AI. AdvertisementThe word "delve" has been getting a lot of attention online over the last few days. That's because Y Combinator founder Paul Graham said in a post on X (formerly Twitter) that using the word "delve" in an email pitch is a sign ChatGPT wrote it. The chart shows instances of "delve" used in articles like peer-reviewed journal papers and preprints from 1990 to 2024. According to AI Phrase Finder, which used a dataset of 50,000 ChatGPT responses, "delve" is in the top 10 words used by ChatGPT.
Persons: Paul Graham, , it's, Y, ChatGPT, 2i3GUgynuL — Paul Graham, @paulg, Graham isn't, Graham, Philip Shapira, Shapira Organizations: Service, Google
Warren Buffett has always said the foundation of a sound investment is to have a so-called margin of safety. "We insist on a margin of safety in our purchase price," Buffett said in his annual letter to shareholders as long ago as 1992. We believe this margin-of-safety principle, so strongly emphasized by Ben Graham , to be the cornerstone of investment success." Buffett believes that how large a margin of safety one needs boils down to one thing: how well one understands the business. "If you understood a business perfectly — the future of a business — you would need very little in the way of a margin of safety," Buffett said in 1997.
Persons: Warren Buffett, Buffett, we're, Ben Graham, Graham, Berkshire Hathaway Organizations: Oracle, Columbia University, Investor, Berkshire Locations: Omaha
Baupost's Seth Klarman dumped several stocks in the fourth quarter, while trimming some of his biggest holdings, including Google and YouTube owner Alphabet , according to a new regulatory filing. The hedge fund manager, who oversees almost $30 billion in assets , exited his stake in Coinbase , which was worth more than $70 million in the third quarter of 2023. After soaring 130% in the fourth quarter, Coinbase has retreated nearly 20% in the first quarter of 2024. Among Baupost's top holdings, the hedge fund cut its stakes in Alphabet , Fidelity National Information Services and Just Eat Takeaway. During his last CNBC appearance in mid-2023, Klarman warned of an "everything bubble," sounding the alarm on cryptocurrencies, SPACs and a host of other speculative trends.
Persons: Baupost's Seth Klarman, Coinbase, Baupost, John, Klarman, Benjamin Graham's, Warren Buffett, Graham, David Dodd Organizations: Google, Dollar, Seagate Technology, Metals, Solutions, Fidelity National Information Services, Liberty Global, CNBC, Boston, Harvard, Cornell grad Locations: Coinbase
Mark Robinson remained the top fundraiser in the GOP primary campaign for North Carolina governor entering 2024, but a recent rival has used his own personal fortune to compete with him monetarily. Political Cartoons View All 253 ImagesMorgan’s campaign report said it raised $119,300 during the second half of 2023 and had $32,100 in cash entering January. Graham's campaign finance report said it had $161,600 in cash starting the new year. He was sitting on almost $1.3 million in cash entering January, which came in large part from $1 million he loaned his campaign last June. Robinson, in turn, has attacked Graham in speeches about his lawsuits involving hog farm operations in eastern North Carolina.
Persons: Mark Robinson, monetarily, Bill Graham, Graham, Josh Stein’s, Mike Morgan, Roy Cooper, Stein, Josh Stein, Robinson, Donald Trump, Dale Folwell, — Gary Foxx, Marcus Williams, Chrelle Booker —, weren’t, Folwell, Sen, Thom Tillis Organizations: — Republican, Gov, GOP, North Carolina, State Board, Republican, Associated Press, Democratic, Current Democratic, Israel Locations: RALEIGH, N.C, North, Salisbury, North Carolina
A takeaway for other founders: control matters. A founder's narrative control can wane too if board members disagree with a founder's vision. AdvertisementAltman did not, in practice, start with much control at OpenAI, despite being its CEO and, prior to the blowup, a board member. "A lot of VCs still act as if founders retaining board control after a series A is unheard-of. OpenAI's version of founder control doesn't necessarily look like others: its CEO apparently doesn't hold the majority of stock.
Persons: Sam Altman, Paul Graham, , Altman, Altman's, Helen Toner, Toner, Y, Graham's, Graham, aren't, Mark Zuckerberg, Bret Taylor, Larry Summers Organizations: Service, Microsoft Locations: OpenAI
[1/2] Former U.S. President and Republican presidential candidate Donald Trump attends a 2024 presidential election campaign event at Sportsman Boats in Summerville, South Carolina, U.S. September 25, 2023. Seven Republican candidates will be on stage for the debate that begins at 9 p.m. Trump's Republican rivals need to change the trajectory with less than four months until voting begins in Iowa, which holds the first Republican nominating contest, the strategists say. DEBATE IS 'MAKE-OR-BREAK' FOR DESANTISMancuso said this week's debate was especially important for Florida Governor Ron DeSantis. Once the clear second-place candidate behind Trump, DeSantis has floundered, and some other candidates have closed the gap with him in recent polls.
Persons: Donald Trump, Sam Wolfe, Donald Trump's, Ronald Reagan, Joe Biden, Trump, Biden, John Feehery, Feehery, Mary Anna Mancuso, Mancuso, Lindsey Graham's, DESANTIS Mancuso, Florida Governor Ron DeSantis, DeSantis, Nikki Haley, Vivek Ramaswamy, Mike Pence, Tim Scott of, Chris Christie, Doug Burgum, Kyle Kondik, Kondik, Stuart Varney, Tim Reid, Ross Colvin, Howard Goller Organizations: U.S, Republican, Sportsman, REUTERS, Former U.S, Foundation & Institute, Trump, Democratic Party, Florida Governor, Reuters, Former South Carolina, New, North Dakota, University of Virginia Center for Politics, Republican National Committee, Fox Business Network, Univision, Thomson Locations: Summerville , South Carolina, U.S, Former, Simi Valley , California, Wisconsin, Detroit, Iowa, Florida, New Hampshire, South Carolina, COVID, DeSantis, Tim Scott of South Carolina, New Jersey, North
REUTERS/Lindsay DeDario/File Photo Acquire Licensing RightsSept 8 (Reuters) - A Georgia grand jury recommended criminal charges against Republican U.S. The six were among 39 people the special grand jury recommended charging in its Dec. 15 report, which had been sealed for nine months. Wood, a conservative lawyer who promoted conspiracy efforts about the election, denied wrongdoing and said he was surprised to find out the special grand jury recommended charges against him. The grand jury voted 20-1 in favor of indicting Trump with respect to the national effort to overturn the election. The special grand jury report remained secret at Willis's request while she determined what charges to bring.
Persons: Donald Trump, Lindsay DeDario, Lindsey Graham, Trump's, Graham, Kelly Loeffler, David Perdue, Michael Flynn, Boris Epshteyn, Lin Wood, Cleta Mitchell, Fani Willis, Willis, Trump, Loeffler, Perdue, Flynn, Epshteyn, Wood, Mitchell, Rudy Giuliani, Brian Kemp, indicting Graham, indicting Trump, Robert McBurney, Andrew Goudsward, Jasper Ward, Sarah N, Lynch, Makini Brice, Joseph Ax, Andy Sullivan, Noeleen Walder, Howard Goller Organizations: U.S, Republican, REUTERS, Republican U.S, Trump, Trump's, Supreme, Trump loyalists, Democratic, Reuters, Biden, Thomson Locations: Erie , Pennsylvania, U.S, Georgia, South Carolina, Fulton County, Jasper
They are: BOCIP China Value A Fidelity China Focus A Dist USD Ninety One GSF All China Eq A Acc HKD The first two have a value-style tilt – and not only beat the MSCI China Index in the first half of this year, but also in all of 2022, according to Morningstar. Although both value and growth China funds have generally posted losses over the three years ended July 2023, growth has lagged value by 12% a year, Liang said. However, she was quick to point out that just focusing on a single investment style such as value versus growth isn't enough. In terms of Morningstar's fund ratings — based on factors the firm calls people, process and parent — Schroder's ISF China Opps and FSSA China Growth have gold ratings for strong performance in the "people" and "process" categories. Closely watching valuations helped Schroders China's portfolio manager take some timely profits on "some overheated information technology" stocks, Liang said.
Persons: Warren Buffett, , Claire Liang, Morningstar's, Liang, Benjamin Graham's, Goldman Sachs, It's, Timothy Moe Organizations: Morningstar, Fidelity, Acc, China, House Research Institute, Netflix, Suzhou Maxwell Technologies Locations: China, Fidelity China, Asia, Suzhou
Y Combinator founder Paul Graham said he wouldn't live in San Francisco with kids due to crime. Graham, who lives in the UK, said he was out for dinner when masked men fired gunshots nearby. Robotaxi companies Cruise and Waymo recently got the go-ahead from the city to offer fully driverless rides 24/7 in San Francisco. Graham and the San Francisco Police Department did not immediately respond to Insider's request for comment about the incident. The San Francisco Chronicle reported that some of this feeling may be down to the public and "brazen" nature of the crimes.
Persons: Paul Graham, Graham, Y, Waymo, Elon Musk, Nordstrom, Bob Lee Organizations: Morning, San Francisco Police Department, City, San Francisco Chronicle, Old Navy, Foods, New York Times, Times Locations: San Francisco, Francisco's, City and County
Baupost Group's Seth Klarman picked up a few stocks last quarter during the market rally, including tech giant Amazon and discount retailer Dollar General . The billionaire hedge fund manager bought $125 million worth of Amazon shares in the second quarter when the e-commerce juggernaut rallied more than 26%. Klarman has traded in and out of Amazon in the past year. He also bought $41 million worth of Dollar General , as well as $36 million of Union Pacific shares last quarter. Shares of the retailer fell nearly 20% in the second quarter as it slashed its full year outlook after missing Wall Street's estimates for quarterly earnings.
Persons: Baupost, Seth Klarman, Klarman, Warren Buffett, Benjamin Graham's, Klarman hasn't Organizations: Union Pacific, Oracle, Boston, Liberty Global, ViaSat, Liberty Media, CNBC Locations: Union, Baupost
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
Austin police ruled an AA worker was killed in April by accident, per the Austin American-Statesman. The tug that killed Michal Ingraham was in an incident 10 days before his death, per the report. An AA investigator had argued that Ingraham's death was a suicide, according to the newspaper. An American Airlines employee who died in April when he was involved in a crash on the airport tarmac was found to have been killed by accident, after a corporate investigator for the airline suggested it may have been a suicide, a report says. Both the Travis County medical examiner and police concluded that the worker had been killed by accident, per the report.
Persons: Austin, Michal Ingraham, Lynn, Ingraham's, Menzies, Menzies didn't Organizations: Austin American, Statesman, AA, Morning, American Airlines, Austin, Bergstrom International Airport, Police, Occupational Safety, Health Administration, OSHA, Austin Police Department Locations: Travis
The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.
Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's
Sen. Lindsey Graham was booed on Saturday at a rally that featured former President Donald Trump. Some of the conservative attendees in the crowd called the South Carolina lawmaker a "traitor." Even Lindsey down here, Senator Lindsey Graham. We love Senator Graham," Trump said. "We have our progressive senator from South Carolina, Lindsey Graham.
Persons: Sen, Lindsey Graham, Donald Trump, Trump, Graham, , Graham —, y'all, Brett Kavanaugh's, Amy Coney Barrett's, we've, Count me, Graham didn't, impeaching Trump, Lindsey, he's, He's Organizations: South, Service, Democrats, Trump, Mar Locations: South Carolina, Pickens, Lago, South Florida
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
Jesse Watters host of "The Five" interviews Jenna Bush Hager and Barbara Bush during "The Five" at Fox News Studios on November 13, 2017 in New York City. Fox News has named Jesse Watters as the newest star of its 8 p.m. ET primetime slot, as the network looks to boost ratings two months after ousting Tucker Carlson from the post. He is currently the host of the 7 p.m. opinion show "Jesse Watters Primetime," and appears regularly on "The Five," one of Fox News' highest rated programs. There was no sendoff for Carlson and his "Tucker Carlson Tonight," which had long been one of Fox's most-watched shows.
Persons: Jesse Watters, Jenna Bush Hager, Barbara Bush, Tucker Carlson, Watters, Laura Ingraham's, Sean Hannity's, Greg Gutfield's, Suzanne Scott, Laura Ingraham, Sean Hannity, Greg Gutfeld, Carlson Organizations: Fox News Studios, New York City . Fox News, Fox News, FOX, Fox, Fox Corp, Systems, Twitter, Dominion, NBC Locations: New York City
While all of the candidates gave a nod to the “pro-life” movement, some stopped short of supporting Sen. Lindsey Graham’s, R-S.C., proposal for a 15-week federal abortion ban, which he has called on the GOP presidential candidates to support. Pence was the only candidate to specifically support Graham's bill on the first day of the conference. Ramaswamy has previously said he does not support a federal abortion ban. He said he plans to sign a federal abortion ban if elected president. Ron DeSantisDeSantis stuck by the six-week state abortion ban he signed in April, but he would not engage on Graham's proposal for a 15-week federal ban.
Persons: Roe, Wade, Sen, Lindsey Graham’s, Mike Pence Pence, , Pence, Vivek Ramaswamy Ramaswamy, ” Ramaswamy, Ramaswamy, Asa Hutchinson Hutchinson, ” Hutchinson, he’s, Carolina Sen, Tim Scott Scott, Dobbs, ” Scott shied, Miami Mayor Francis Suarez Suarez, Chris Christie, Republican ”, Christie, Donald Trump, ” Christie, Ron DeSantis DeSantis, DeSantis, hasn't Organizations: Republicans, GOP, Here’s, Republican, Former Arkansas Gov, Miami Mayor, Miami, Former New Jersey Gov, Florida Gov Locations: Arkansas, Carolina, America, New Jersey, Florida
Y Combinator co-founder Paul Graham said remote work "fooled" leaders at the start of the pandemic. Major firms including Amazon, Meta, and Apple have ordered workers back to the office recently. Partly I think because remote work does work initially, if you start with a system already healthy from in-person work ... And partly because it seemed to solve recruiting, which is always a bottleneck." Graham's comments come as a number of major companies reverse their flexible working policies including Amazon, Apple, and Goldman Sachs. Graham joins a list of influential figures who are taking a stand against remote work including Elon Musk who has famously waged a war against the practice calling it "morally wrong."
Persons: Combinator, Paul Graham, Graham, , Y Combinator, I've, Goldman Sachs, Elon Musk, Musk, Tesla, Scott Galloway Organizations: Amazon, Apple, Service, Twitter, Meta
Discounted closed-end funds aren't exactly the most headline-grabbing part of Wall Street. The elite investor also mentioned Elon Musk while explaining his fondness for these niche funds. "The majority of Warren Buffett's holdings when he was about to enter that class were discounted closed-end funds," Weinstein said. "In closed-end fund arbitrage, you can actually control your destiny," he said. Weinstein's firm takes activist positions in closed-end funds run by BlackRock and other big asset managers.
Persons: Boaz Weinstein, Taylor Swift, Warren Buffett, Elon Musk, , Scott, Weinstein, Benjamin Graham's, Warren Buffett's, Elon, Buffett, Ed Thorp, Warren Organizations: Service, Saba Capital Management, Bloomberg, Berkshire Hathaway, SpaceX, Twitter, BlackRock Locations: Wall
In a recent tweet, Graham said he believes all the good AI companies to invest in are still private. This, he said, leaves few options for those public market investors wanting to invest in AI. Paul Graham says public market investors are missing out on a potential way to get in on the AI boom, since all the good companies to invest in are still private. For instance, Google recently led a $100 million round in generative AI startup, Runway, Insider reported. Yet, private investing in AI startup innovations may be where the biggest potential for a huge windfall, as Graham alludes to.
Persons: Graham, Paul Graham, Charles Schwab –, haven't, It's, Google's Bard, ChatGPT Organizations: Nvidia, Microsoft, Morning, Vanda Research, Apple, Google
Footage of Lindsey Graham in Kyiv shows the Republican Senator did not say the best money the U.S. had ever spent had gone towards “Russians dying.” A video shared by the Ukrainian president’s office was cropped in a way that jumps from one phrase to another. A longer clip shows the two remarks were made at different moments of the conversation. During the meeting, Zelenskiy thanked Graham for visiting Kyiv and praised the military assistance provided. Graham said this was “the best money we’ve ever spent.”Then, Graham said Ukrainians resisting the invasion reminded him of “our better selves in America. “And we will be.”Graham replied: “And the Russians are dying.”The U.S. senator received criticism from Moscow after the cropped video went viral.
Persons: Lindsey Graham, Volodymyr Zelenskiy, , , we've, we’ve, Zelenskiy, Graham, ” Zelenskiy, ” Graham, Dmitry Medvedev Organizations: Kyiv, Russian Security Locations: Kyiv, Ukrainian, Ukraine, America, U.S, Moscow, Russia
Footage of Lindsey Graham in Kyiv shows the Republican Senator did not say the best money the U.S. had ever spent had gone towards “Russians dying.” A video shared by the Ukrainian president’s office was cropped in a way that jumps from one phrase to another. A longer clip shows the two remarks were made at different moments of the conversation. During the meeting, Zelenskiy thanked Graham for visiting Kyiv and praised the military assistance provided. Graham said this was “the best money we’ve ever spent.”Then, Graham said Ukrainians resisting the invasion reminded him of “our better selves in America. “And we will be.”Graham replied: “And the Russians are dying.”The U.S. senator received criticism from Moscow after the cropped video went viral.
Persons: Lindsey Graham, Volodymyr Zelenskiy, , , we've, we’ve, Zelenskiy, Graham, ” Zelenskiy, ” Graham, Dmitry Medvedev, Read Organizations: Kyiv, Russian Security, Reuters Locations: Kyiv, Ukrainian, Ukraine, America, U.S, Moscow, Russia
Russia issued an arrest warrant for Lindsey Graham after an edited video of him was posted online. Graham said that he would wear the arrest like a "Badge of Honor." Graham said in a statement on Monday that he would "wear the arrest warrant issued by Putin's corrupt and immoral government as a Badge of Honor." Ukrainian President Volodymyr Zelenskyy's office released an edited video from Graham's visit to Kyiv on Friday, where two clips of Graham were stitched together. The sequence of statements in the edited video, which made it appear that Graham was jubilant about Russians dying, angered Russian officials.
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