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☆ Warren Buffett's Berkshire Hathaway has likely scored a 93% gain on Nubank stock this year, making the crypto-friendly bank its best performer
▼ + stars: | 2023-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway's best-performing stock this year is likely Nubank-owner Nu Holdings, up 93%. Apple stock is up this year, but other key Berkshire bets like Coca-Cola and Kraft Heinz are down. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway has notched a 93% gain on Nu Holdings since the start of January, likely making the Nubank owner the best performer in Berkshire's stock portfolio this year. Nubank shares have slid 13% from their IPO price fo $9 to trade at $7.84 as of Wednesday's close. Munger has hailed Sequoia as perhaps the "most remarkable investment firm in America" with "the best investment record of anybody."

Persons: Berkshire Hathaway's, Warren Buffett's, Kraft Heinz, —, Warren, Berkshire Hathaway, Berkshire hasn't, Buffett, Charlie Munger, Todd Combs, Ted Weschler, David Vélez, Munger, Sequoia Organizations: Berkshire, Nu Holdings, Apple, Kraft, Service, Bank of America, Sequoia Capital, Sequoia Locations: Berkshire, America, Sequoia

☆ Charlie Munger trashed crypto, warned AI hype seems overblown, and talked poker and donuts at a private event. Here's an inside look at his Zoomtopia keynote.
▼ + stars: | 2023-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Charlie Munger panned crypto, warned about AI hype, and trumpeted Zoom at Zoomtopia last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementCharlie Munger trashed cryptocurrencies, warned the AI buzz seems overblown, and praised Zoom for keeping him connected during his closing keynote at Zoomtopia on October 4. Craig Durr, research director at The Futurum Group:"Munger shared his seasoned perspective on crypto and AI – both of which he was skeptical about. He said communications help drive business, and business success is about focus and consistency.

Persons: Charlie Munger, Warren Buffett's, —, Eric Yuan, hasn't, Zoom, Tobi Tungl, Craig Durr, Munger, Eric Yuen, Mark Friedler, Warren Buffett, Eric Kunnen, Charlie, Melody Brue, doesn't, Eric, David Maldow Organizations: Service, Berkshire Hathaway's, CTI, Grand Valley State University, Moor Locations: Zoomtopia, cryptocurrencies, Grand

☆ Warren Buffett's deputy isn't in 'The Big Short' like Michael Burry - but he also bet against the housing bubble and spoke to Michael Lewis
▼ + stars: | 2023-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

"The Big Short" starred Michael Burry and others who bet the mid-2000s housing bubble would burst. Author Michael Lewis phoned Combs to talk about his housing wager while researching "The Big Short." AdvertisementAdvertisementMichael Burry and the other stars of "The Big Short" weren't the only investors to uncover the toxic assets underpinning the mid-2000s housing bubble, and place bets on its spectacular collapse. Lewis said he was working on a book about the whole situation that would become "The Big Short." AdvertisementAdvertisementCombs finished the story by saying he enjoys being "one small little piece" of the fascinating backstory behind "The Big Short."

Persons: Michael Burry, Todd Combs, Warren Buffett's, Michael Lewis, Combs, —, Warren, Ted Weschler, Baupost Group's Seth Klarman, Klarman, Bear Stearns, Lewis, Steve Eisman, Danny Moses, Greg Lippmann, Buffett, it's Organizations: Service, Berkshire Hathaway's, Countrywide, Washington, Long, Mortgage, Street, Securities and Exchange Commission Locations: Berkshire, Bear Stearns

☆ AI is overhyped, Warren Buffett's right-hand man Charlie Munger says
▼ + stars: | 2023-10-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Berkshire Hathaway's vice chairman Charlie Munger is skeptical of the sudden hype around AI. AdvertisementAdvertisementWarren Buffett's right-hand man Charlie Munger is an AI skeptic and is not sold on the hype surrounding it, Fortune reported Friday . 99-year-old Munger, vice chairman of Berkshire Hathaway since 1978, spoke at Zoom's Zoomtopia conference on Thursday and said that AI is essentially overhyped. "I think it's getting a huge amount of hype," Munger said, per Fortune. Munger expressed similar sentiments about AI at his newspaper the Daily Journal's annual meeting earlier this year.

Persons: Charlie Munger, —, Warren Buffett's, Fortune, Munger, We've, we've, OpenAI, ChatGPT, It's, Buffett Organizations: Berkshire Hathaway's, Service, Berkshire Hathaway, Daily, Daily Journal, Berkshire

(AP) — Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. A decade ago, he gave the Huntington museum nearly $33 million worth of Berkshire stock to help pay for a new education and visitors center. Political Cartoons View All 1202 ImagesAfter his latest donation, Munger still holds 4,033 Class A Berkshire shares. Although Berkshire is based in Omaha, Nebraska, where Buffett lives, Munger has long lived in southern California, so much of his charitable giving has been focused on the West Coast.

Persons: Charlie Munger, who's, Warren Buffett's, he's, Munger, Henry E, Susan Turner, Lowe, Turner, Munger's, Buffett's, he'd, he'll, Buffett Organizations: Berkshire Hathaway, Huntington Library, Art Museum, Securities and Exchange Commission, Huntington, Berkshire, Buffett, BNSF Locations: OMAHA, Neb, California, San Marino , California, Huntington, Berkshire, Los Angeles, Omaha , Nebraska, West Coast

☆ Donald Trump and Kim Kardashian weren't rich enough to make Forbes' list of the richest Americans
▼ + stars: | 2023-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.

Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, —, Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York

☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
▼ + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.

Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha

☆ Charlie Munger invested nearly $90 million of his family fortune with Li Lu. The 'Chinese Warren Buffett' has turned it into about $400 million.
▼ + stars: | 2023-09-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Charlie Munger handed $88 million to Li Lu when the value investor launched a new fund in 2004. The value investor, who Munger has dubbed the "Chinese Warren Buffett," has grown the sum to roughly $400 million since then. "We made unholy good returns for a long, long time," Munger told the Financial Times for a new profile of Li. "And Li Lu just backed up the truck, bought all he could and made a killing." You can't find a more capitalistic capitalist than Li Lu."

Persons: Charlie Munger, Li Lu, Warren Buffett's, he's, Munger, Warren Buffett, Li, JP Yim, Kweichow, Buffett, He's Organizations: Service, Financial Times, Berkshire Hathaway's, China's, Buffett, Columbia University, Capital Management, Securities, Exchange, West Bancorp, Apple, Bank of America Locations: Wall, Silicon, Munger, BYD, Berkshire, New York, California, Washington

☆ Nvidia's market cap climbs amid tech turbulence in August
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. Nvidia's shares surged last month, boosted by its quarterly revenue forecast, which exceeded analyst expectations as the artificial intelligence boom fuels demand for its chips. The market capitalization of Apple (AAPL.O) and Microsoft Corp's (MSFT.O) shares declined 4.4% and 2.4%, respectively, while Meta Platforms Inc's shares fell 7.1%. Meanwhile, Berkshire Hathaway's (BRKa.N) market cap rose over 2% last month, as its shares touched a record high after the company's quarterly operating profit topped $10 billion for the first time. Reuters GraphicsIn China, Tencent Holdings'(0700.HK) market cap declined about 9% last month, as its core gaming business experienced weaker-than-expected growth in the quarter through June.

Persons: Dado Ruvic, behemoths, Apple, Johnson, Patturaja Murugaboopathy, Gaurav Dogra Organizations: NVIDIA, REUTERS, Nvidia, Reuters, Apple, Microsoft, Berkshire Hathaway's, Reuters Graphics, Tencent Holdings, HK, Thomson Locations: Berkshire, China, U.S, Bengaluru

The suits allege that downed power lines operated by the company contributed to the deadliest U.S. wildfire in more than a century. The wildfire risk posed by aboveground power lines is well documented. Lives lost, billions in damagesThe Maui fires have killed at least 115 people with hundreds still missing. But Mitchell said insulating aboveground power lines with a protective covering is also an effective solution that is cheaper and can be rolled out more quickly. There is also technology coming to market that can de-energize power lines automatically when there's a problem, he said.

Persons: Mike Blake, Fitch, Berkshire Hathaway's, Paul Starita, They're, Singleton Schreiber, Alexandra von Meier, von Meier, Marshall, Michael Dougherty, Bob Frenzel, Xcel, Berkshire Hathaway, PacifiCorp, aboveground, Scott Aaronson, Aaronson, Joseph Mitchell, Mitchell Organizations: Reuters Electric, Hawaiian Electric, National Weather Service, Hawaii Electric, . Pacific Gas & Electric, PG, Xcel Energy, U.S . Forest Service, University of California, Moody's, Fitch, Electric, Alcohol, Tobacco, Firearms, Explosives, Xcel, Marshall Fire, Marshall, Boulder, Labor, Fire, American Society of Civil Engineers, ASCE, The Edison Electric Institute, California Public Utilities Commission Locations: Lahaina, Maui, Hawaii, U.S, Maui County, Hurricane, California, Berkshire, Berkshire Hathaway's PacifiCorp, Oregon, Colorado, Berkeley, Minnesota, Boulder County, Paradise, Golden

☆ S&P 500 investors are betting on a handful of stocks like Tesla and Nvidia, Apollo's Marc Rowan warns
▼ + stars: | 2023-08-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The S&P 500 is dominated by a handful of Big Tech companies like Apple and Amazon. Investors in the index are speculating on just a few companies, Apollo's Marc Rowan says. The S&P 500 weights its constituents by market capitalization, meaning companies with trillion-dollar market caps like Apple, Amazon, Alphabet, and Microsoft have outsized influence among the roughly 500 stocks in the benchmark index. Moreover, Apollo outbid Berkshire for Tech Data in 2019, underscoring that Rowan and Buffett have similar tastes in businesses. Buffett hasn't voiced the same concerns as Rowan about the intense concentration of Big Tech in the S&P 500.

Persons: Apollo's Marc Rowan, Rowan, it's, Warren Buffett, Marc Rowan, Buffett, Buffett hasn't Organizations: Big Tech, Apple, Investors, Service, Nvidia, Australian Financial, Apollo Global, Microsoft, Apollo, Athene, Tech Data, Berkshire Locations: Wall, Silicon, Berkshire

Alberta, the country's main oil and gas producing province, paused approvals on Aug. 3 of new renewable electricity generation projects over one megawatt until Feb. 29, chilling investment in the fast-growing industry. The pause is necessary to address concerns about renewables' reliability and land use, said a spokesperson for Alberta's utilities minister. A second company has paused design work on its first Alberta project, Dye added. Along with domestic firms, foreign companies like Berkshire Hathaway's (BRKa.N) BHE Canada, EDF Renewables and Enel Green Power generate renewable power in Alberta. The pause directly affects 15 projects in the approvals queue, the government spokesperson said.

Persons: Todd Korol, Danielle Smith, Smith, Justin Trudeau's, Jorden Dye, Dye, Pembina, Grant Arnold, Arnold, BluEarth, Dan Balaban, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: REUTERS, Rights, Justin Trudeau's Liberal, Business Renewables, THE, THE ALBERTA WAY, EDF Renewables, Companies, Pembina Institute, Renewables, U.S . Alberta Utilities Commission, Greengate, Copenhagen Infrastructure Partners, Thomson Locations: Rocky, Pincher Creek, Alberta, Rights WINNIPEG , Manitoba, Canadian, U.S, Calgary, THE ALBERTA, THE ALBERTA WAY Alberta, Berkshire, Canada, Winnipeg , Manitoba, Ottawa

☆ Top investors say these stock sectors are 'super cheap' and Warren Buffett likes them both
▼ + stars: | 2023-08-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

I mean they're always kind of cheap, but they're really cheap," Link said. Housing stocks have risen sharply, with the SPDR S & P Homebuilders ETF (XHB) up about 23% over the past year. Both investors agreed that energy stocks could see a similar rally to housing in the years ahead. "I believe what we are seeing with homebuilders is going to happen with energy stocks in two to three years. In addition to energy stocks being cheap, they could also see fundamentals improvement if oil prices continue to rise, Link said.

Persons: Fundstrat, Tom Lee, Stephanie Link, Lee, Warren, Link Organizations: CNBC, Hightower Advisors, Berkshire, Occidental Petroleum, Chevron, Diamondback Energy, Exxon, Devon Energy Locations: Horton, Chevron, homebuilder

☆ Berkshire shares hit all-time high as investors cheer strong earnings, Buffett's near-record cash pile
▼ + stars: | 2023-08-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Omaha-based giant reported Saturday that its operating earnings jumped 6.6% year over year, totaling $10.04 billion last quarter. Berkshire's Class A shares climbed 3% to hit an all-time high of $550,660 on an intraday basis, exceeding the conglomerate's previous high from March 2022. Class B shares of Warren Buffett 's conglomerate rose a similar 2.8%, on track to close at a record high. Berkshire Hathaway shares rallied to a record high Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion. Insurance underwriting earnings recorded a 74% increase to $1.25 billion, benefiting from higher interest rates and lower catastrophe losses.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, he's, Bill Stone, Apple, Brian Meredith Organizations: Berkshire, Glenview Trust, Apple, UBS Locations: Omaha, Berkshire, Glenview

☆ Berkshire Hathaway stock scales record as operating profit tops $10 bln
▼ + stars: | 2023-08-07 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermidAug 7 (Reuters) - Berkshire Hathaway's (BRKa.N) stock price set a record high on Monday, rising more than 2%, after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In morning trading, Berkshire's stock price rose $14,300, or 2.7%, to $547,900, surpassing the previous high $544,000 set on March 28, 2022. Keefe, Bruyette & Woods analyst Meyer Shields, who rates Berkshire "market perform," raised his price target to $565,000 from $545,000. In 2023, Berkshire shares have slightly trailed the index, after outpacing it in 2022.

Persons: Brendan McDermid, Warren Buffett, Clayton, Brian Meredith, Keefe, Meyer Shields, Buffett, Jonathan Stempel, Chuck Mikolajczak, Lance Tupper, David Gregorio Our Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Clayton Homes, Apple, Berkshire, UBS, Woods, Thomson Locations: Berkshire, New York City, U.S, Omaha , Nebraska, New York

☆ Warren Buffett is struggling to find bargains, Berkshire Hathaway's 2nd-quarter earnings show
▼ + stars: | 2023-08-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett found few bargains in the second quarter, Berkshire Hathaway's earnings show. The investor's company sold a net $8 billion of stock, and spent only $1.4 billion on buybacks. They also spent only $1.4 billion on stock buybacks last quarter, down from over $4 billion in the first quarter. They plowed a record $68 billion into stocks last year, or $34 billion on a net basis. In contrast, Berkshire sold over $18 billion of stock on a net basis during the first six months of this year.

Persons: Warren Buffett, Warren Buffett's, Berkshire Hathaway's, That's, it's, Buffett, didn't, Fitch Organizations: Berkshire, Service, BNSF Railway, Travel Centers, Treasury, CNBC, AAA, AA Locations: Wall, Silicon, Alleghany, Berkshire

☆ Warren Buffett's Berkshire Hathaway is poised to score a $1 billion profit after Microsoft beats FTC in Activision case
▼ + stars: | 2023-07-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway is poised to score a $1 billion profit after Microsoft prevailed against the FTC in its bid to acquire Activision. Warren Buffett's Berkshire Hathaway owned nearly 50 million shares of Activision at the end of the first quarter. Berkshire Hathaway first purchased a stake in Activision Blizzard in the fourth quarter of 2021, just a few months before Microsoft announced its proposed acquisition of Activision. Berkshire Hathaway ultimately built its Activision stake to a peak of 68.4 million shares in the second quarter of 2022 at an estimated weighted average price of $73.95 per share, Insider calculated. Since then, the conglomerate pared down its position in the third, fourth, and first quarters of 2022 and 2023, respectively, to 49.7 million shares.

Persons: Berkshire Hathaway, Warren Buffett's Berkshire, Warren, Todd Combs, Ted Weschler, Berkshire Hathaway's, Buffett, Microsoft's, Berkshire Hathaway —, —, CNBC's David Faber Organizations: Microsoft, FTC, Activision, Activision Blizzard, Warren, Warren Buffett's Berkshire Hathaway, Service, Berkshire, Buffett, Berkshire Hathaway's Locations: Berkshire, Wall, Silicon

☆ Berkshire Hathaway's holdings in five Japanese companies could go beyond 10%, Jefferies says
▼ + stars: | 2023-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway once again increased its stakes in five Japanese trading houses, and Jefferies said watch out for more such buying from the "Oracle of Omaha." Thanh Ha Pham, equity analyst at Jefferies, said Berkshire's holdings in these companies could go even beyond 10% in the future, and collaboration with Berkshire's businesses is another avenue to explore. The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Like Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates that are involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking. "By investing in trading houses, investors obtain a well-diversified business portfolio that is not exposed to any single industry or geography," Pham said.

Persons: Warren, Berkshire Hathaway, Jefferies, Thanh Ha Pham, Warren Buffett, Pham, Buffett Organizations: National Indemnity Company, Mitsubishi, Mitsui, Sumitomo, Jefferies, Tokyo Stock Exchange, Itochu Locations: Omaha, Itochu, Berkshire, Japan

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

☆ Warren Buffett has more in common with quant traders than it seems, elite investor Cliff Asness says
▼ + stars: | 2023-05-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Warren Buffett has more in common with quantitative traders than it appears, Cliff Asness says. Buffett looks at companies' profits, risks, valuations, and many other elements of their businesses. "Yet he is very correlated with what quants would call the value factor, the low risk factor, and the profitability factor," Asness continued. Meanwhile, Buffett and other value investors look beyond those ratios to determine if a company is a bargain or not, he said. "That is not the holistic measure of value a guy like Warren Buffett, or any Graham-and-Dodd-style value investor, would look at," Asness said.

Persons: Warren Buffett, Cliff Asness, Buffett, —, David Rubenstein, Asness, It's, Graham, Dodd, quants, Read, Warren Organizations: Service, AQR Capital Management, Berkshire Hathaway, Bloomberg Locations: Berkshire

☆ These are the top 10 holdings of Berkshire Hathaway's $325 billion stock portfolio
▼ + stars: | 2023-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

These are the top 10 stocks held in Berkshire Hathaway's $325 billion stock portfolio as of March 31. With various portfolio changes in the first quarter of the year, Berkshire Hathaway's top 10 holdings of US stocks has shifted, though Apple still represents a near 50% of the portfolio. In fact, the top 10 positions in Berkshire Hathaway's portfolio make up a massive 90.2% of its entire portfolio. These are the top 10 stocks held in Berkshire Hathaway's $325 billion US stock portfolio as of March 31. American ExpressCredit cards fill a display at American Express headquarters John Moore/Getty ImagesTicker: AXPPosition: $25.0 billionPercent of portfolio: 7.7%2.

☆ Timing the market isn't easy during a debt-ceiling showdown. Investors should stick to this strategy instead.
▼ + stars: | 2023-05-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty ImagesMark Hamrick is senior economic analyst for Bankrate. Phil Rosen: How should investors be positioning themselves as the debt-ceiling fiasco drags on, and a potential default nears? If making a play around the debt ceiling is a no-go in your view, what should investors opt for instead? Homeowners are "quiet quitting" as low inventory and high mortgage rates keep a key market participant sidelined. That has a dual impact: each owner that postpones looking for a new house also marks one less seller on the market.

☆ Warren Buffett's businesses are battling historic inflation, hefty interest rates, and tighter lending. 5 Berkshire Hathaway CEOs break down why they're thriving despite a brutal economic backdrop.
▼ + stars: | 2023-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Warren Buffett's Berkshire Hathaway faces inflation, higher interest rates, and tighter credit. Its subsidiaries are also seeing signs that their customers, suppliers, and partners are being pinched by higher prices, steeper interest rates on their debts, and perhaps even reduced access to credit. "You just kind of have to take it," Egan said about some of the higher costs. Moreover, longstanding suppliers who refrained from passing on their higher costs to See's in 2021 have been forced to charge it more. The fast-food chain's franchisees face much higher costs for equipment, building materials, and construction work than they did a few years ago.

☆ The $31 trillion debt-ceiling fiasco could punish markets and it's complicating an already complex economic outlook
▼ + stars: | 2023-05-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls. This $31 trillion debt ceiling argument "comes at the worst possible time," according to Chicago Fed President Austan Goolsbee. "Many past instances of debt limit standoffs have been resolved without significant market fallout," the strategists wrote in a recent note. That's according to LPL chief global strategist Quincy Krosby — she says it boils down to these three reasons. With recession risks climbing, Bank of America analysts slashed their 2023 outlook for oil prices.

☆ Billionaire investors Warren Buffett and Charlie Munger aren't sold on AI hype: 'Old-fashioned intelligence works pretty well'
▼ + stars: | 2023-05-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Warren Buffett and Charlie Munger appeared skeptical of AI during an annual shareholder meeting. Billionaire investors Warren Buffett and Charlie Munger haven't quite bought into the artificial intelligence hype. "I am personally skeptical of some of the hype that is going into artificial intelligence," Munger said. Both Buffett and Munger have questioned in the past whether artificial intelligence will be beneficial to society. Earlier this year, Buffett's righthand man said AI won't be able to do "everything that we want," like cure cancer.

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