Warren Buffett News

Subscribe to enjoy similar stories. Buying Property? Don’t Forget These Extra Costs That Can Add 7-11% to Your Budget Think you’ve nailed your property budget? Think you’ve accounted for every expense in buying your dream home? Think again—overhead costs like taxes and government fees could add a hefty 7-12% to your final bill. The biggest cost is that of stamp duty, a tax levied by state governments on the sale of property.

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Subscribe to enjoy similar stories. Days after the arrest of Luigi Mangione in connection with the assassination of a health-insurance executive, “wanted" posters appeared in New York City targeting healthcare and Wall Street heads. Alongside them popped up posters portraying Mangione as a saint, with the words “Free Luigi." The fatal shooting of UnitedHealthcare’s chief executive officer initially unleashed outrage over denied medical claims and an airing of agonizing personal experiences with insurance companies.

Subscribe to enjoy similar stories. If you hear Dell and think of the supplier of the PC at your office desk, you’re out of touch. Michael Dell is pulling off one of the most surprising transformations in the history of tech at the company that bears his name, all without changing his approach to business.

America’s wealthiest have long urged each other to give away more money.

Subscribe to enjoy similar stories. Warren Buffett has said he looks for businesses that are like castles, protected by moats. Some of today’s best moats aren’t filled with sharks, though—they are packed with data and analysis.

Subscribe to enjoy similar stories. Warren Buffett wants you to talk to your family about your will. The legendary stock picker, 94, shared his strategy this past week for how to pass wealth on to the next generation while minimizing family conflicts.

Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the...

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Charlie Munger authored a book titled Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger. While the title plays on Benjamin Franklin’s Poor Richard’s Almanack, some might argue it had an unintended double meaning. Recently, Helios Mutual Fund’s CEO, Samir Arora, raised an intriguing question on X about Munger’s relatively ‘modest’ net worth of $2.6 billion, compared to his long-time partner Warren Buffett’s fortune. It turns out that on a relative scale, compared to what people expect, he really was ‘Poor Charlie’! However, I think investors should ignore Munger’s poverty entirely. The real wealth he created wasn’t just about his net worth, but in the intellectual capital he gave to generations of investors. Consider the investment principles Munger outlined in a speech summarised by John Templeton, a reference in the same X post. These eight commandments of investing are worth more than any billion-dollar fortune because they’ve helped countless investors build their wealth. Let’s examine why these principles are so valuable. First, Munger’s emphasis on specialisation and understanding your ‘circle of competence’ has saved many investors from costly mistakes. His anecdote on Bobby Fischer brilliantly illustrates this: When asked how to beat the chess champion, his answer was simple, ‘Get him to play you at any game except chess.’ The lesson? Stay within your domain of expertise.

Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like.

Subscribe to enjoy similar stories. When the world’s most-followed investor doesn’t feel comfortable investing, should the rest of us be worried? Warren Buffett, who has quipped that his favorite holding period for a stock is “forever," continues to have substantial money at work in American companies. But he has never taken this much off the table either—a whopping $325 billion in cash and equivalents, mostly in the form of Treasury bills.

Warren Buffett’s most famous advice is to buy companies with strong moats when they’re available at reasonable valuations. But do you know his second most famous piece of advice? Buy a low-cost index fund.

Warren Buffett is unwinding his most profitable trade in history, filling Berkshire Hathaway Inc.’s coffers with cash. But it is unclear if the Oracle of Omaha is ready to go elephant-hunting with his recent bounty.

In the firm's quarterly earnings report, released on Saturday (2 November), Berkshire's figures revealed it had shed 100 million shares of Apple during the last three months, approximately a quarter of its holding.  This means that Buffet has ditched nearly two thirds of his stake in Apple since its 2023 peak, which accounted for $178bn of the company's stock portfolio at the time. Apple shares suffer in pre-market trading as Warren Buffett halves stake The decision follows a slump in Apple's net income reported in its fourth-quarter results last week, leading the tech giants share...

Berkshire Hathaway's monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares.

Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assort...

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Subscribe to enjoy similar stories. Ignorance is bliss and little knowledge is a dangerous thing. The English language has a pithy saying for almost every occasion.

2024 presidential election, Warren Buffett criticizes fraudulent claims on social media. This Wednesday, billionaire Warren Buffet announced that he will not support former President Donald Trump or Vice President Kamala Harris in the run-up to the 2024 election. Buffett, who is among the wealthiest people in the world, supported Democrats in three of the previous four presidential contests, as quoted in a report by the New York Post.