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☆ 'Moneyball' manager Billy Beane says Warren Buffett's investing lessons apply to baseball too - and Seth Klarman agrees
▼ + stars: | 2022-09-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

"Moneyball" star Billy Beane said Warren Buffett and Charlie Munger's lessons apply to baseball. Author Michael Lewis profiled Beane in "Moneyball," and Brad Pitt played the baseball executive in the movie adaptation of the book. "It's about finding value in athletes, in baseball players — but those principles apply across areas," the billionaire investor and Baupost Group CEO said. Klarman has been heralded as "the next Warren Buffett," including by the Berkshire chief himself. Read more: Table tennis champion Ariel Hsing has been friends with Warren Buffett for more than a decade.

☆ 'Everything's gotten frothy': The CIO of a private credit investment firm says that despite a possible housing correction, data suggests that the market is on stable footing
▼ + stars: | 2022-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

In September, mortgage rates reached peaks not seen in the last 15 to 20 years. But Sean Bill, the chief investment officer at Prime Meridian Capital Management, says that recent mortgage and sales data suggests that the housing market is still going strong. But I'd say we have a relatively contrarian view that we are not super beared up on the housing market." From his perspective, housing supply will remain tight, regardless of a drop in demand. The chart below demonstrates historically low mortgage rates on outstanding debt since 1979.

☆ Bond market plunge means the low for stocks is not in yet, Bank of America's Hartnett says
▼ + stars: | 2022-09-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Pressure in the bond market is also exacting a toll on stocks, which look likely to go still lower from here, according to Bank of America's top strategist. Bank of America's main sentiment indicator is "deeply bearish," Hartnett wrote, though that still hasn't translated into a contrarian buying point. That would translate into respective S & P 500 losses from Thursday's close of 4.2%, 12.2% and 20.2%. While central banks are tightening, fiscal authorities in the U.S., UK and elsewhere are continuing to provide stimulus , offsetting the inflation-fighting benefits of higher rates. "Investors want policy coordination & policy credibility, and until they get it are likely to press shorts," Hartnett said.

☆ Fundstrat's Tom Lee is sticking with his bullish year-end stock market forecast even as yields soar and equities plunge amid sticky inflation
▼ + stars: | 2022-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Plunging stock prices, soaring interest rates, and sticky inflation are not enough to change Fundstrat's conviction on the market. Fundstrat's Tom Lee outlined why he still expects a year-end stock market rally in a Friday note. "Fed could do far less tightening as the market is doing Fed's work," he argued. Yet Fundstrat's Tom Lee remains resolute in his view that the stock market will soar into year-end. That commentary has led investors to expect even more rate hikes going into 2023, with a terminal fed funds rate of 4.6%.

☆ The individual investor is pessimistic. Here is what that means for the market
▼ + stars: | 2022-09-22 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The percentage of investors feeling bearish about the stock market is reaching levels last seen during the Great Recession, according to a weekly survey from the American Association of Individual Investors. It's the fifth time the percentage of bearish respondents broke that 60% threshold since data began being collected in 1987. Before that, the percentage of bearish investors hit this level at two points in 1990. A high number of bearish investors, for example, means that many have already sold. The number of bears rose to 31.4% from 28.2% last week, Investors Intelligence found.

☆ Stocks muted, Sweden kicks off salvo of central bank hikes
▼ + stars: | 2022-09-20 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

The MSCI all country stock index (.MIWD00000PUS) was 0.2% ahead, leaving it down about 20% from a lifetime high in January. Sweden's central bank hiked rates by a greater than expected full percentage point on Tuesday and warned of more to come. read moreLuca Paolini, chief strategist at Pictet Asset Management, said the U.S. central bank would likely ease the pace of hikes going into next year. "The market, in a way, is probably expecting a peak in rates," Paolini said, adding that market focus would then switch to how higher rates were affecting economies and company earnings. Terminal rate projection also leapsCONTRARIAN CHINAChina's central bank kept its benchmark lending rates unchanged at a monthly fixing on Tuesday, as expected.

Other bad advice I've heard: don't talk about money, and slash "non-essential" spending. In the years since, financial literacy movements popped up that aimed to empower weary folks with accessible financial advice. Here is all the bad money advice I learned in my younger years that I refuse to pass down. Save, save, saveSince I can remember, most financial advice I received emphasized saving over investing. Open accounts you might not be able access outside of Raisin Check mark icon A check mark.

Persons: I've, —, I'd, it's, hadn't, We've, It's Organizations: Service, FIRE, Mint, FDIC, Chevron Locations: Europe, Asia, Maldives, Mexico, Afghanistan

☆ Peter Thiel was the 'puppet master' behind Facebook's political dealings, and 6 other unusual details about the billionaire tycoon's relationship with Mark Zuckerberg
▼ + stars: | 2022-02-08 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

Peter Thiel and Mark Zuckerberg have known each other since 2004, when Thiel became Facebook's first major investor. Some believe Thiel acted as Zuckerberg's "puppet master," and Facebook employees noticed that Zuckerberg seemed to rely on Thiel in an unusual and sometimes concerning way. Zuckerberg told Thiel he should resign from Facebook's board of directors in August 2017. Thiel underestimated Facebook's potential and told Zuckerberg to sell the company in its second year. When Yahoo offered to buy Facebook for $1 billion, Thiel told Zuckerberg to take the deal — but then-22-year-old CEO said no.

☆ Adobe's chief product officer predicts the 5 biggest tech trends of 2022
▼ + stars: | 2021-12-31 | by ( Scott Belsky | ) www.businessinsider.com time to read: +11 min

Scott Belsky is the founder of Behance and the chief product officer at Adobe. The next generation of talent entering the workforce will overwhelmingly opt for what I've come to call "polygamous careers." The rise of immersive experiences will mainstream 3D creationI promised myself I wouldn't say it…but "Metaverse." We'll want AI-driven immersive experiences to know us well, but not at the expense of our security and comfort. Scott Belsky is an entrepreneur (Behance, 99U), and chief product officer of Adobe.

☆ Inside the disastrous early days of the Thiel Fellowship and the depression, mental health issues, and drug abuse that followed
▼ + stars: | 2021-09-21 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

After reading the script for "The Social Network," Peter Thiel didn't like how the film portrayed him. But for some Thiel fellows, the program ended up being "disastrous," according to a new biography about the billionaire entrepreneur and venture capitalist. The staff failed to act quickly enough to help either of them, past fellows told Chafkin. I just need someone to hang out with," one Thiel fellow told Chafkin. One fellow told Chafkin that "they'd come to regard their time with Thiel not as some profound intellectual exercise, but rather, 'a super-smart PR move.'"

☆ Peter Thiel ran an SAT side hustle in high school and charged $500 to take the test for people, according to a former classmate
▼ + stars: | 2021-09-21 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Those who knew him in grade school say Thiel was a "joyless" childOne of Thiel's classmates told Chafkin, "I can't remember him laughing. In his senior year of high school, Thiel took the SAT for underclassmen for $500 each, according to a classmateThiel, whose own scores were near perfect, seemed bored and careless by the end of high school. Though he knew it could cost him his spot at Stanford, Chafkin says Thiel made an "unbelievably risky" move and started the lucrative side hustle. While at Stanford, Thiel argued that his peers' anti-apartheid positions were overblown and, according to Chafkin, Thiel told a Black student that apartheid "works." A man who used to play with him told Chafkin that Thiel "liked that quiet control" of determining the reality of the game.

☆ The founder of $2.8 billion Getir explains why investors hope to find the next Uber among 10-minute grocery apps
▼ + stars: | 2021-05-01 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +10 min

Turkey's Getir recently hit an eye-watering $2.8 billion valuation for its grocery delivery service. The hot new consumer trend for venture capital investors is grocery apps that promise deliveries in as little as 10 minutes. Turkish grocery delivery app Getir bills itself as the original gangster. The amounts of cash flooding into the sector and the accompanying valuations are puzzling, given that grocery delivery is famously low margin. Insider: Running a grocery business is quite different to ride hailing.

☆ The definitive guide to getting started in real-estate investing
▼ + stars: | 2020-07-21 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

But have you ever considered real-estate investing? If you aren't yet a subscriber to Investing Insider, you can sign up here. Our research culminated in a definitive guide to getting into real-estate investing. Among Mittal's funds is the StocksPlus Long Duration Fund, which consistently beats 99% of peers. — Bill Miller, the founder of Miller Value Partners, whose record-setting fund trounced the market for 15 consecutive years

☆ The best investing stories of May: Advice from top-tier money managers, tips from Wall Street royalty, and stock picks for a post-coronavirus world
▼ + stars: | 2020-06-02 | by ( Business Insider | ) www.businessinsider.com time to read: +3 min

In an exclusive interview, the Gamco chairman shared the investing themes he's tracking, including what he's doing in media, healthcare, and utilities. David Dudding's mutual fund has consistently dominated peers, and it's one of the best global stock funds in 2020. He detailed for us the major themes in his portfolio, what he's done since the pandemic started, and his top picks for the future. Commentary/outlooks from top-tier investors and Wall Street firmsBusiness Insider surveyed 10 fund and portfolio managers on various aspects of their strategies in a post-pandemic world. The attractiveness of US assets relative to the rest of the world is brewing a bubble in the stock market, according to equity-derivatives strategists at Bank of America.

☆ 33-year-old self-made multimillionaire: Here's how to achieve extreme success
▼ + stars: | 2019-01-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

On Thursday, Altman revealed how to achieve such extreme success in blog post called "How To Be Successful." It's been viewed more than 200,000 times, according to Altman's site, and he calls it "one of the most important things I've ever written." This is very long, but I think one of the most important things I've ever written. "It is much more important to work on the right thing than it is to work many hours," says Altman. It's also easier to work hard when you have fewer other responsibilities, which is frequently but not always the case when you're young," Altman says.

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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