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☆ Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%
▼ + stars: | 2024-08-03 | by ( Robert Ilich | ) edition.cnn.com time to read: +1 min

CNN —Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400 million shares. Berkshire Hathaway has previously downsized its stake Apple, which has a market cap over $3.3 trillion. In the final three months of 2023, Berkshire Hathaway sold off 10 million shares of Apple stock, representing about 1% of its holdings in the company. Along with Apple, Berkshire cut its stake in its second largest position, Bank of America, to $41.1 billion.

Persons: CNN — Warren, Berkshire Hathaway, Buffett Organizations: CNN, Berkshire, Apple, Bank of America, American Express, Chevron Locations: Apple, Berkshire, Omaha , Nebraska

☆ Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Berkshire Hathaway 's cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple . The Omaha-based conglomerate's cash hoard jumped significantly higher from the previous record of $189 billion, set in the first quarter of 2024. For the second quarter, Berkshire's operating earnings, which encompass profits from the conglomerate's fully-owned businesses, enjoyed a jump thanks to the strength in auto insurer Geico. Operating earnings totaled $11.6 billion in the second quarter, up about 15% from $10 billion a year prior.

Persons: Warren Buffett, Berkshire Hathaway, Tim Cook, Buffett, I've Organizations: Berkshire Hathaway, Berkshire, Apple, Oracle, Buffett, Bank of America, Federal Reserve, Dow, Industrial Locations: Omaha , Nebraska, Omaha, Berkshire

☆ Here are Warren Buffett's top stock holdings, revealed in Berkshire's latest quarterly earnings
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett is turning heads after Berkshire Hathaway disclosed it sold nearly half of its Apple stake last quarter. About 72% of Berkshire's equity portfolio is concentrated in five stocks, according to the conglomerate's latest earnings report. Meanwhile, Berkshire held onto longtime bets Coca-Cola and American Express , worth $25.5 billion and $35.1 billion, respectively, at the end of the second quarter. Buffett was in a selling mood overall in the second quarter with Berkshire shedding more than 75 billion in stock, raising its total cash level to an eye-popping $277 billion. After the sales, these holdings remain same top five holdings Berkshire disclosed in the first quarter.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Apple, Oracle, of America, Bank of America, Chevron, American Express, Berkshire Locations: Omaha, Berkshire

☆ Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
▼ + stars: | 2024-08-02 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm's 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according to people with knowledge of the policy. Those funds are BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, the people said. The move from Morgan Stanley, one of the world's largest wealth management firms, is the latest sign of the adoption of bitcoin by mainstream finance. In January, the U.S. Securities and Exchange Commission approved applications for 11 spot bitcoin ETFs, heralding the arrival of an investment vehicle for bitcoin that is easier to access, cheaper to own and more readily traded.

Persons: Morgan Stanley, Fidelity's, Jamie Dimon, Warren Buffett, it's, Goldman Sachs, Wells, spokespeople Organizations: CNBC, Bitcoin, U.S . Securities, Exchange Commission, JPMorgan Chase, Berkshire Hathaway, JPMorgan, Bank of America

☆ An options trade to generate income during this market turbulence
▼ + stars: | 2024-08-02 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I want to embrace this turbulence and use options to create income and potentially get long the broader market at lower levels. Risk happens fast, and investors have recently been conditioned that markets only go up with the impressive rally grinding higher since last November in the S & P 500. .SPX 1Y mountain S & P 500, 1-year The highly liquid ETF that tracks the S & P 500, the SPDR S & P 500 ETF Trust (SPY) , was up nearly 35% (mid-July) from last November. This move forced many bears on Wall Street to capitulate and many malleable analysts to quickly reconfigure their end of year S & P 500 targets substantially higher. The trade With the S & P now down 5% from mid-July recent highs, I look at this acute move lower as a buying opportunity.

Persons: Warren Buffett Organizations: Trust, CNBC, NBC UNIVERSAL

Warren Buffett is not done selling Bank of America . Berkshire Hathaway shed a total of 19.2 million BofA shares on Tuesday, Wednesday, and Thursday for almost $779 million at an average selling price of $40.52 per share, according to a new regulatory filing. The conglomerate has now been offloading the bank stock for 12 consecutive days with total sales now exceeding $3.8 billion. Its remaining 942.4 million shares have a market value of $37.2 billion at Thursday's close of $39.50. The bank stock has dropped 5.2% so far this week, going as low as $38.98 in Thursday's trading as recession fears plague the financial sector.

Persons: Warren Buffett, Berkshire Hathaway, BofA Organizations: Berkshire, of America, Bank of America, Apple, American Express Locations: Omaha , Nebraska, Berkshire

☆ Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock
▼ + stars: | 2024-08-02 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

David A. GroganBerkshire Hathaway 's highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett's rare sale of some of his favorite stocks. The Omaha-based conglomerate is likely to say its cash hoard topped the previous record of $189 billion, set in the first quarter, when it reports second-quarter earnings Saturday morning. The selling could have resumed in the second quarter as shares of the iPhone maker jumped 23% in the period. "It's just a question of how long they are going to sit on it," Andrew Kligerman, TD Cowen's Berkshire analyst, said in an interview, referring to Berkshire's enormous cash pile. Stock Chart Icon Stock chart icon Berkshire Hathaway

Persons: Warren Buffett, David A, Grogan Berkshire Hathaway, Warren, Buffett, Bill Stone, Andrew Kligerman, I've, Berkshire Hathaway Organizations: Berkshire Hathaway, Apple, Bank of America, Oracle, Glenview Trust Company, America, Federal, Berkshire Locations: Omaha , Nebraska, Hungary, Omaha, Glenview, Berkshire, Charlotte

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway's selling streak in its big Bank of America stake has extended to nine straight days, suggesting that Warren Buffett is not just trimming the longtime holding. The Omaha-based conglomerate sold a total of 18.4 million shares of the bank from Thursday to Monday for $767 million at an average price of $41.65, a new regulatory filing late Monday revealed. Over the past nine trading sessions, Berkshire has cut its stake by 71.2 million shares with just over $3 billion of sales. After the selling spree, Berkshire still owns 961.6 million shares of BofA with a market value of $39.5 billion.

Persons: Warren Buffett Organizations: Berkshire, of America, Apple, Express Locations: Omaha , Nebraska, Omaha, Berkshire

☆ These 4 companies — including one backed by Warren Buffett — can leverage AI with their exclusive data, says fund manager
▼ + stars: | 2024-07-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

AI models, such as OpenAI's ChatGPT or Anthropic's Claude, are built by running complex algorithms on large amounts of data. Khodjamirian, who also manages the Monopolies and Oligopolies ETF , named four stocks that he sees as potential winners: Moody's , S & P Global , MSCI , and Intuit . Moody's Using Moody's as a prime example, the fund manager highlighted the company's extensive database on credit decisions. MCO 5Y line S & P Global and MSCI Similarly, Khodjamirian sees potential in S & P Global and MSCI due to their vast troves of financial and index data. His thesis rests on the idea that as AI use becomes more widespread, the value of software — the AI models — may diminish.

Persons: Yuri Khodjamirian, Claude, Khodjamirian, CNBC's, Moody's, they're, Warren Buffett's Berkshire Hathaway, MCO, Meta, Warren Buffett's Organizations: Tema ETF's, P, Intuit, Facebook, Microsoft Locations: Tema, Moody's

☆ A top Chicago Realtor who predicts the real-estate market will 'take off like a rocket ship' after the election says now is the time to 'strike'
▼ + stars: | 2024-07-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +3 min

"If I'm an investor, I don't want to buy when everybody else is wanting to buy," the top Chicago real-estate agent told Business Insider. As we enter an unprecedented 2024 presidential election season, Laricy believes that now happens to be one of those times. About a week before Biden dropped out, former President Donald Trump survived an assassination attempt on the campaign trail. As we head into 2025, I think the market is going to take off like a rocket ship." In his specific market, Chicago, he says that investors should be paying attention to condos.

Persons: Matt Laricy, Warren Buffett's, Laricy, Kamala Harris, Joe Biden, Biden, Donald Trump, You've, I'd, Harris, Trump, we'll, there's Organizations: Service, Chicago, Business, Democratic Locations: Chicago

☆ Warren Buffett starts downsizing his Bank of America bet — Here's what could lie behind the move
▼ + stars: | 2024-07-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett surprised many investors by downsizing one of his longest held and largest positions — Bank of America . Berkshire Hathaway recently unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree, the first time since late 2019 that the Omaha-based conglomerate reduced its holding. The legendary investor said then that he liked the business, valuation and management of the Charlotte-based bank "very much." BAC YTD mountain Bank of America Tax liability Taxes could also be a motivating factor in the BofA sale. Buffett, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could move higher to help fill the government's yawning gap between spending and revenue.

Persons: Warren Buffett, Buffett, Brian Moynihan, James Shanahan, Edward Jones, BofA, … BofA, they'd, Moynihan Organizations: — Bank of America, Oracle, Omaha . Berkshire Hathaway, of America, Berkshire, Apple, Bank of America Locations: Omaha ., Omaha, Berkshire, BofA, Charlotte

☆ I've visited dozens of all-inclusive resorts, but there's one in Mexico I can't wait to return to
▼ + stars: | 2024-07-26 | by ( Simone Paget | ) www.businessinsider.com time to read: +5 min

Read previewWhen it comes to all-inclusive vacations, I've seen it all — from mega resorts the size of small cities to sex-themed hotels where clothing is optional. Simone PagetAs someone who prefers quirky boutique hotels, the decor at all-inclusive resorts can often feel bland. Simone PagetThe resort offers things I've never seen anywhere else, like rooftop pickleball courts that glow in the dark at night. AdvertisementPlus, whether you're at the pickleball court or the pool, you're never far from your next margarita — it's always 5 o'clock somewhere. It's one of the best all-inclusive resort experiences I've had in years.

Persons: —, I've, I'm, Jimmy Buffett, Simone Paget, Margaritaville, Simone Paget Margaritaville, Lola's, that's, Simone Paget I, Joe Merchant's, margarita — it's, margarita Organizations: Service, Business Locations: Cancún, Mexico, Margaritaville, margaritas, —

Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank. Over the last six trading sessions, Berkshire has unloaded 52.8 million Bank of America shares worth $2.3 billion, reducing the stake to 12.5%. Berkshire still owns 980.1 million Bank of America shares with a market value of $41.3 billion, a distant second to its $172.5 billion holding in Apple. The bank stock is up more than 25% in 2024, compared to almost 14% for the S&P 500. It marked the first time since the fourth quarter of 2019 that Berkshire cut its Bank of America stake.

Persons: Berkshire Hathaway, Warren, Buffett, Goldman Sachs, Wells, Brian Moynihan Organizations: of America, Berkshire, Oracle, Omaha, Bank of America, JPMorgan, U.S . Bancorp Locations: The Omaha , Nebraska, Berkshire, Apple . Berkshire, Charlotte, Wells Fargo, U.S

☆ CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
▼ + stars: | 2024-07-24 | by ( Kevin Williams | ) www.cnbc.com time to read: +3 min

Jain's hypothetical seemed prescient when a quality control issue from cybersecurity firm CrowdStrike caused a worldwide IT outage that halted flights and freight, shuttered retail outlets, and caused hospitals to resort to charting on paper. "Insurers have been worried about something like what happened with CrowdStrike since cloud adoption happened," said Dale Gonzales, chief innovation officer at Axio, a cyber security risk analysis company. Fitch estimates that the number of insured losses will not exceed $10 billion, ending somewhere in the mid- to high-single billions and that the industry largely priced those in. The cybersecurity insurance market did get lucky, in some respects, with the CrowdStrike meltdown. "Cyber events that have more of a physical consequence would be much bigger in size or scope in terms of losses," Glombicki said.

Persons: Warren Buffett, Ajit Jain, Jain, CrowdStrike, Dale Gonzales, Gerald Glombicki, Fitch, Glombicki Organizations: Microsoft Corp, Fitch Locations: New Delhi, India, Berkshire, Fitch Rating's, Australia, Pacific Asia, U.S

☆ CNBC Daily Open: Wall Street looks past political uncertainty
▼ + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.

Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run. Warren Buffett's conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an average selling price of $43.56, a regulatory filing showed. Still, Bank of America remains Berkshire's second largest equity position after Apple, holding 999 million shares with a market value of almost $43 billion. Berkshire could be taking some profits as Bank of America has rallied 27.4% so far this year to its highest levels since March 2022.

Persons: Warren Buffett, Berkshire Hathaway, Warren Buffett's, Buffett Organizations: Berkshire, of America, Bank of America, Apple, America's Locations: Omaha , Nebraska, Berkshire, Omaha

☆ Stocks making the biggest moves premarket: CrowdStrike, Bank of America, Nvidia, Verizon and more
▼ + stars: | 2024-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America — The bank stock dipped more than 1% in premarket trading after a filing revealed that Warren Buffett 's Berkshire Hathaway sold 33.9 million Bank of America shares for almost $1.5 billion last week. Berkshire remains Bank of America's largest shareholder with a 10.8% stake after the sale. Berkshire may be taking some profits with the bank stock up 27.4% so far this year. Verizon — The telecommunications stock slid 3% after Verizon posted quarterly revenue that disappointed estimates. Apple — Shares gained 1% after Wells Fargo raised its price target on Apple to $275 from $225, implying more than 20% upside, ahead of the company's earnings results.

Persons: Guggenheim, Blackwell, Warren Buffett, Berkshire Hathaway, Fitch, Wells Fargo, —, Alex Harring, Yun Li Organizations: Nvidia —, Reuters, Nvidia, Bank of America, Berkshire, of America, Bank, America's, Verizon, Abercrombie, JPMorgan, Truist, Apple —, Apple, Apple Intelligence Locations: CrowdStrike, Berkshire

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ Warren Buffett's Berkshire Hathaway has a new analyst, and he is lukewarm on the conglomerate
▼ + stars: | 2024-07-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett 's Berkshire Hathaway has a new Wall Street analyst covering its stock, and he has mixed feelings about the conglomerate. The analyst thinks Berkshire is grappling with weakness in its noninsurance businesses including railroad, utilities service and retail, while its insurance operations continue to outperform. "Berkshire Hathaway's old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine," Kligerman said in a note. Berkshire's insurance business has been a bright spot for the conglomerate. Correction: Of the seven analysts covering Berkshire, three have a hold rating, according to CNBC's research.

Persons: Warren Buffett, Berkshire Hathaway, Cowen's Andrew Kligerman, Berkshire, Kligerman, — CNBC's Michael Bloom Organizations: Berkshire, BNSF Locations: Omaha , Nebraska, Berkshire, U.S

☆ Berkshire has eliminated 10% of outstanding shares as Buffett values the enduring power of buybacks
▼ + stars: | 2024-07-21 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Buffett believes buybacks are beneficial to shareholders for one simple reason: You don't need to spend a dime to increase your percentage of shares held. "Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns," Buffett said in his 2021 annual letter. The 93-year-old legendary investor believes that it would be "value-destroying" if he overpaid for Berkshire shares. "If you're repurchasing shares above a rationally calculated intrinsic value, you are harming your shareholders, just as if you issue shares beneath that figure, you are harming your shareholders," Buffett once said in 1996. The Wall Street firm projected that Berkshire repurchased almost $2.5 billion worth of stock in the second quarter.

Persons: Berkshire Hathaway, Warren Buffett, Greggory, Buffett Organizations: Morningstar, Oracle, Berkshire, Berkshire Hathaway, UBS, Street, Berkshire repurchased Locations: Greggory Warren, Berkshire, Omaha, repurchases

☆ Berkshire sells around $1.48 billion Bank of America shares, filing shows
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: 1 min

The exterior of a Bank of America on July 16, 2024 in Austin, Texas. Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. It also invests in several other banks, including Wells Fargo & Co and JPMorgan Chase. The conglomerate, owned by Warren Buffett, began investing in Bank of America in 2011, purchasing $5 billion of preferred stock plus warrants to buy 700 million common shares, at a time many investors worried about the bank's capital needs.

Persons: Berkshire Hathaway, Wells, JPMorgan Chase, Warren Buffett Organizations: Bank of America, & Co, JPMorgan Locations: Austin , Texas, Berkshire, Charlotte , North Carolina

☆ 'The S&P 500 is incredibly dangerous': Why Warren Buffett's favorite valuation indicator is flashing a warning for stocks
▼ + stars: | 2024-07-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.

Persons: Warren Buffett, Buffett, —, Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett

Index funds are a type of investment vehicle aiming to match the returns of a specific market index. "Index funds generally benefit an investor by providing diversification and relatively low fees compared to actively managed funds. Decide which index funds to invest inNow it's time to decide which index funds you want to invest in. "In this scenario, the investor would research the universe of index funds available and purchase the funds they'd like to own." Index fund investing FAQsHow do I buy an index fund on my own?

Persons: Warren Buffett, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Independence, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Chevron

☆ Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck
▼ + stars: | 2024-07-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett met with Barack Obama years before he became President. The billionaire said the rich should pay more tax, and flagged wealth inequality as a big problem. Buffett attributed a chunk of his success to luck and defended inheritance taxes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarren Buffett called for higher taxes on the rich, bemoaned wealth inequality, and credited a big part of his success to luck in a conversation with Barack Obama long before he became president.

Persons: Warren Buffett, Barack Obama, Buffett, —, Berkshire Hathaway Organizations: Service, Berkshire, Business Locations: Illinois

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