Bill Ackman says Warren Buffett once refused water at his home, asked for Cherry Coke instead and remarked that he had not drunk water for 48 years. The billionaire hedge fund manager recalled the exchange in a podcast episode released on 28 October, describing a private dinner that took place ‘years ago.’
For living, drinking water is important for survival. What if one tells you he has not had water in more than 4 decades, you must be surprised. And this is the case with Warren Buffet.
Warren Buffett told fellow billionaire investor Bill Ackman that he hasn’t drunk plain water in nearly 48 years.
As anyone who follows the market closely knows, tech stocks have sold off in recent weeks. While the industry delivered on technical breakthroughs and massive revenue growth for investors, rising interest rates, along with concerns about the staggering cost of artificial intelligence (AI) build-outs, weighed on those stocks.
Fortunately,
Stocks (Image Via YouTube/ Kevin.Gerrity)
The US stock market had a rough day on Friday, October 30, 2026, as technology stocks lost more than $1 trillion in market value. Intel took the biggest hit, with its shares falling nearly 29%. Nvidia, SanDisk, Micron, Marvell and AMD were also among the companies that saw their stock prices drop.
People want to invest in businesses and sectors that have limited representation in Indian markets.
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Investing in gold doesn’t have to mean buying gold bars or coins. Gold exchange-traded funds (ETFs) offer a way to gain exposure to gold prices without purchasing, storing or insuring the physical metal.
Both options can help diversify your portfolio, but each comes with different costs,
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Investors will struggle to find a better arena for building wealth than the stock market. Over the past 30 years, the S&P 500 (^GSPC -1.82%) has generated a total return of 1,760% at recent prices. A $10,000 investment at that time would be worth more than $186,000 today.
Earlier this week, the policymakers with the Federal Reserve voted to keep the federal funds rate at 3.75% to 4.00%, after raising rates in September. Although inflation remains elevated, the Fed said it needed more economic data before deciding if another increase is necessary, according to Realtor.com.
So what does that mean for homebuyers?
Social Security’s 2027 COLA rises 3.6%, but Medicare Part B premiums are deducted first, shrinking or erasing the raise for many retirees.
Retirees earning above $109,000 (single) or $218,000 (joint) face IRMAA surcharges with no hold-harmless protection, potentially losing their entire raise.