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Search resuls for: "Charlie Munger isn't"


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☆ Charlie Munger says he dislikes fashion stocks like Nike - but he'd buy Hermès stock if it was cheap enough
  + stars: | 2023-11-01 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Charlie Munger avoids fashion stocks like Nike, but he'd invest in Hermès at a compelling price. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementCharlie Munger isn't a fan of fashion retail, but there's one luxury stock he'd own at the right price. Buffett's business partner also touched on Kraft Heinz, which counts Berkshire as its biggest shareholder with a nearly 27% stake. AdvertisementAdvertisement"Kirkland is a brand the way Tide is a brand, and Hermès is a different kind of a brand," Munger said.
Persons: Charlie Munger, Warren Buffett's, Munger, —, Charlie Munger isn't, I'm, Birkin, Hermès, Kraft Heinz, Heinz, Kirkland Organizations: Nike, Service, Berkshire Hathaway's, Berkshire, Kraft Locations: Hermès, Berkshire
☆ BlackRock is jumping into one of the hottest sectors on Wall Street
  + stars: | 2023-11-01 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at a Wall Street giant jumping into one of the hottest sectors in finance. Similarly, a Google Brain cofounder said Big Tech companies are lying about AI risks to shut down competition. It's the latest example of how Big Tech can wreak havoc on smaller players overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: —, Julia Nikhinson, Arantza Pena Popo, BlackRock, Larry Fink, Insider's Rebecca Ungarino, Rebecca, It's, Blackstone, BlackRock's Larry Fink, Spencer Platt, Aaron Schwartz, that's, Charlie Munger isn't, Warren Buffett's, it's, Tyler Le, Ksenia Yudina, Gen Z's, Gen, Vegas Wendy Lee, Wendy Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Street, KKR, Getty, Greenwich Economic, Xinhua, Federal Reserve, Big Tech, Market, Sin City Locations: Greenwich, Vegas, Las Vegas, Sin, New York City, San Diego, London, New York
☆ Billionaire Charlie Munger: Cryptocurrency is 'crazy, stupid gambling,' and 'people who oppose my position are idiots'
  + stars: | 2023-02-16 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +3 min
It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling." "I think the people who oppose my position are idiots, so I don't think there is a rational argument against my position," he said. Munger's comments come amid an avalanche of problems for crypto investors over the past year. He's previously urged the U.S. government to ban cryptocurrencies, and may partially get his wish as the crypto industry faces rising regulatory crackdowns. "In other words, an adviser may custody crypto assets at a bank, but banks are cautioned by their regulators not to custody crypto assets," Uyeda wrote.
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