Buffett's firm cuts stakes in U.S. Bank and EV maker BYD
Warren Buffett's company revealed that it had cut its holdings in U.S. Bank's parent company and in Chinese electric car maker BYD ahead of offering a full update on its stock portfolio Monday. Berkshire Hathaway said in filings with the SEC and Hong Kong stock exchanges that it had sold off a significant amount of U.S. Bancorp and BYD stock in recent weeks. Many investors follow Berkshire's moves closely because of Buffett's remarkably successful track record over the decades.news.yahoo.com
Rich people don't have a 'lottery mindset,' says CEO—here are 3 things millionaires do differently
"Wealthy people don't have a 'lottery mindset,'" says CEO and podcaster Trey Lockerbie, who has interviewed more than 100 millionaires. Here's what he learned about how the world's richest people achieve financial success.cnbc.com
Billionaire Warren Buffett swears by this inexpensive investing strategy that anyone can try
No one can pinpoint the exact date when it became clear that investing in index funds had won out over investing in active management, but Warren Buffett declaring it to be so is certainly a pivotal moment.cnbc.com
Buffett's firm buys more Apple, Amazon while betting on oil
Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful track record over the decades.news.yahoo.com
Introverts are 'routinely passed up' for promotions—but have 3 traits that can make great leaders, says best-selling author Susan Cain
Introverts are often stereotyped as shy, quiet and reserved — and overlooked for leadership roles as a result. Best-selling author Susan Cain says that's a mistake.cnbc.com
Bill Gates gives $20 billion to stem 'significant suffering'
Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett's $3.1 billion gift last month, brings The Bill and Melinda Gates Foundation's endowment to approximately $70 billion, making it one of the largest, if not the largest in the world, depending on daily stock valuations. In an essay on the foundation's website, Bill Gates said he hopes “others in positions of great wealth and privilege will step up in this moment too.”news.yahoo.com
Early bids for final charity lunch with Buffett top $2.3M
Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already reached $2.3 million. It will be the first private lunch offered with the billionaire since a record-setting bid in 2019. The past two auctions were called off due to the pandemic and Buffett said this will be the last.news.yahoo.com
Profit plummets at Buffett's company on investment gains
Warren Buffett’s company reported a third-quarter profit that was roughly one-third the amount of last year’s profit because of much smaller paper gains on the value of its investments, but most of its businesses were continuing to recover from the effects of the pandemic.