Stories about superinvestors such as Warren Buffett.
Submitted by VINBot on Tue, 2017-05-23 15:24
- At Amazon's shareholders meeting on Tuesday, an investor reminded Bezos of that comment and asked how he comes up with new ideas.
- "Warren's remarks are very meaningful to me because he's a hero to me," Bezos said at the Seattle event.
- Berkshire is the most valuable non-tech company in the U.S. Buffett is the third-richest person in the world with a net worth of $88 billion, and Bezos is fourth at $84 billion, according to the Bloomberg Billionaires Index.
Submitted by VINBot on Mon, 2017-05-22 17:45
- One of Buffett's earliest stock market resources was a series of manuals published by Moody's Corporation called "Moody's Manual."
- A few years ago, he found a copy on Amazon and "While reliving my youth," he says, "I bought old Moody's manuals."
- When asked if flipping through it is comparable to going through an old family photo album, Buffett responds, "Better!".
Submitted by VINBot on Tue, 2017-05-16 09:52
- International stocks, healthcare stocks, tech stocks - these were all supposed to be the losers of the Trump era, not the winners.
- Overseas, there are more than 25 major foreign stock markets that are up 10% or more, beating the S&P 500.
- The real fuel for the US stock market - earnings growth - is the only story worth telling.
Submitted by VINBot on Tue, 2017-05-16 06:00
- Whether it's for a social mission or in the field of business, Keywell said Uptake's predictive analytics platform uses machine learning to give it a unique advantage.
- After a company has started using the Uptake platform, the platform refines the insights it delivers over time as it compares its recommendations offered against what actions technicians in the field performed.
Submitted by VINBot on Mon, 2017-05-15 17:15
- Warren Buffett's Berkshire Hathaway bought shares of Bank of New York Mellon and Southwest Airlines in the first quarter, according to an SEC filing Monday.
- CNBC previously reported that Berkshire bought more than 70 million shares of Apple in January.
- The filing shows all equity holdings for the conglomerate through the end of the first quarter, which Buffett is required to file with the SEC 45 days later.
Submitted by VINBot on Mon, 2017-05-15 14:34
- "I was always thinking about life after baseball even before my rookie year," said Rodriguez, who signed two of the biggest contracts in baseball with the Texas Rangers and then the New York Yankees.
- "I played for almost 23 years. I [also] loved business for a long time."
- Looking to baseball for inspiration, Rodriguez recalled how he sought out the best players in the financial world to learn about business.
Submitted by VINBot on Sun, 2017-05-14 09:00
- "The record shows that the unmanaged index fund is going to do quite well over time and active investment as a group can't beat it."
- Most employer-run 401(k) retirement plans offer multiple mutual funds with different assets strategies, but Buffett warned against going with those options, saying "You'll do very well with an S&P index."
- "Sure, some are going to have better than average just but the fact that if you flip a coin, some are going to call heads and some are going to call tails. And one or the other will be right at that time."
Submitted by VINBot on Tue, 2017-05-09 15:26
Submitted by VINBot on Tue, 2017-05-09 10:53
- There's a fundamental change happening with investors: They're putting everything into index funds, CNBC's Jim Cramer said Tuesday.
- At the Berkshire Hathaway annual shareholder meeting on Saturday, Buffett told investors they should stick to using index funds, saying they are better off.
- An index fund is a type of mutual fund with a portfolio constructed to track the components of a market index.
Submitted by VINBot on Tue, 2017-05-09 08:48
Submitted by VINBot on Tue, 2017-05-09 08:40
- Social Capital Founder and CEO Chamath Palihapitiya told CNBC on Tuesday that Apple has an emerging business that no one has been paying attention to.
- The comment came a day after investors pushed Apple's total market value to over $800 billion.
- Billionaire investor Warren Buffett praised the company, calling the iPhone, "a very, very, very valuable product."
Submitted by VINBot on Tue, 2017-05-09 07:53
- The tax cut in the GOP's health-care bill should not be viewed as a giveaway for the wealthy, Equity Group Investments Chairman Sam Zell told CNBC on Tuesday.
- The GOP measure calls for the repeal of Obamacare's 3.8 percent investment tax, such as capital gains, and a 0.9 percent Medicare payroll tax.
- Buffett, who supported Hillary Clinton in the election, said his personal tax bill would be 17 percent lower under the GOP health measure - about $680,000 on his tax bill of a "Little less than $4 million."
Submitted by VINBot on Mon, 2017-05-08 18:59
- More specifically, the "Mad Money" host suggested watching whether the acquirer's stock goes up after the announcement, as Sinclair and Coach's stocks both did on Monday.
- "If it does, I think that's a classic sign that even though the market may value a company's stock at what seems like a high price, that stock may still be cheap to a company that wants the whole business," he said.
Submitted by VINBot on Mon, 2017-05-08 18:26
- Thirteen years later, as CEO of a $1.1 billion software start-up called Gusto, Reeves took advantage of his Berkshire ownership and traveled to Omaha, Nebraska, for the company's annual shareholder meeting.
- For Reeves, who's read a number of books about Warren Buffett, the event marked the end of a two-week, 12-city road trip visiting Gusto's small business customers.
- Reeves spent Saturday at the CenturyLink Center in Downtown Omaha, listening to the entire presentation and question-and-answer session.
Submitted by VINBot on Mon, 2017-05-08 14:46
- You don't have to be an economic genius to know that kind of arrangement encourages health care providers to cram as many services they can into everyone's care.
- Gates has spent much of his post-Microsoft career focusing on delivering more health care to more people around the world at lower costs.
- In the end, it will be innovation in the health care space that will drive down costs much more than any government policy.