Mark Zuckerberg is athletic, Elon Musk is waterproof, and Donald Trump is known for barking a lot
The canary in the coalmine of an increasingly desperate energy industry just croaked. With "unusual timing" and at "distressed prices," Reuters reports that Phillips 66 - the major US refiner owned by Warren Buffett - dumped crude oil for immediate delivery into Cushing storage tonight. Show More Summary
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1. - Warren Buffett Preserving and transferring wealth is the primary components of a successful wealth management plan. A wealth preservation strategy can ensure that assets not only grow over time but also provide a legacy for one's family. Show More Summary
Warren Buffett famously said, “In business, I look for economic castles protected by unbreachable 'moats'.” In today’s digitally disruptive world where competitors can emerge and conquer seemingly overnight, arguably the most powerful moat is a wow customer experience. I recently picked up several important tips from a CEO Discussion Luncheon hosted [...]
"You pay a dear price for cheery consensus. " Warren Buffett I like to buy shares when prices go down. This ensures that my capital buys me more shares, and therefore buys me more dividend income. If prices go down further from the point at which I made my investment, I would be inclined to add to this position. Show More Summary
Ryan Hinkle, managing director at Insight Venture Partners, describes the advice he's learned from business magnate Warren Buffett when it comes to investing for the first time.
In June 1960, an anonymous tipster called American Express to expose a massive fraud at Allied Crude Vegetable Oil Refining Corporation. At the time, Allied was the largest customer of American Express’s field warehousing subsidiary,...Show More Summary
Shares of oil stocks plunged again as the price of West Texas Intermediate wiped out nearly half of its late-January rebound. Sluggish demand growth and stubbornly high supply has had investors
Legendary value investor Warren Buffett is making headlines in financial markets as his company, Berkshire Hathaway (NYSE: BRK.B), announced that it increased its exposure to oil refining company Phillips 66 (NYSE: PSX).
Dale Carnegie’s How to Win Friends & Influence People is one of the best selling self-help books of all time. The book has influenced a wide range of people over the years, from Warren Buffett to Charles Manson. Those two people, Buffet and Manson, really express the weirdness that is Carnegie’s book in the modern era. Let’s dig into it. Read more...
If you want to know who still believes in a future for news media, just turn to some of our most respected businessmen: Warren Buffett. Jeff Bezos. John Henry. Glen Taylor. All of them have made significant investments in newspapers, despite the media pundits that have been claiming the death of the newspaper industry for years. Show More Summary
Some of the best investors in the world, Charlie Munger and Warren Buffett, have been able to make it by having a concentrated portfolio of securities. Their thinking is that investors who are willing to work hard at investing game should concentrate their bets in their best ideas. Show More Summary
In the past 12 months, shares of Warren Buffett’sBerkshire Hathaway(NYSE:BRK.A)(NYSE:BRK.B) have had a rare pummeling, down 15%, over double the decline of theS&P 500 (SPY). Since 2000, there have only been a handful of occasions where shares have experienced a trailing 12 month loss of this magnitude. Still, on every [...]
He's reportedly worth more than $60 BILLION -- so why didn't Warren Buffett ever snatch up an NFL franchise?? The Berkshire Hathaway boss was out in D.C. over the weekend -- when TMZ Sports asked why he never went the same route as other…
(Reuters) - Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. Show More Summary
Of the 50 wealthiest people in the world, only one hails from South America: Brazilian business magnate Jorge Paulo Lemann, who's worth $25 billion. Brazil's wealthiest man ranks as the 26th richest person in the world, according toShow More Summary
Now that Donald Trump has vacated his throne, Arnold Schwarzenegger will take over as host of “The Celebrity Apprentice” for the upcoming season. The “Kindergarten Cop” hunk will lead a team of advisers that includes Warren Buffett,Show More Summary
This morning, NBC announced the cast and advisers for the upcoming season of the show, and the list is full of the uber-wealthy, making the combined value of the boardroom at least $84 billion.
Donald Trump is out. And Arnold Schwarzenegger. But which D-Listers will be joining the former governor in the boardroom of NBC's Celebrity Apprentice this season, which will also feature Tyra Banks, Jessica Alba, Warren Buffett, Steve Ballmer and Patrick Knapp as advisers? Scroll down. Show More Summary