In 1971, Warren Buffett Paid $150,000 For A Beach House In California. When It Came Time To Sell, He May Have Owed The Government As Much As $2.7 Million. Here’s What You …
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Warren Buffett bought a Laguna Beach vacation home for $150,000 in 1971 and sold it for $7.47 million in 2018, earning a 9% compounded annual return.
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Combined federal and California taxes on the $7.32 million gain could total roughly $2.7 million,
Berkshire shares shake the Buffett blues with new all-time highs
AUDIENCE MEMBER: Mr. Munger, I know you’re fond of evoking humility to promote rational thought. So my question is, what’s the most recent business mistake that you’ve made, Mr. Munger, and why did it occur? (Laughter)
WARREN BUFFETT: I’m going to take notes on this one.
» Read more about: Berkshire shares shake the Buffett blues with new all-time highs »
Read MoreApple Joins Nvidia in the $5 Trillion Club. Here's Which Stock I Think Can Get to $10 Trillion First.
Asia stocks curb some losses as AI rout eases; China rebounds amid bear market
Investing.com– Most Asian stocks reversed early losses on Friday as a rout in technology and artificial intelligence valuations halted, while Chinese markets rebounded after slumping into a bear market this week.
» Read more about: Asia stocks curb some losses as AI rout eases; China rebounds amid bear market »
Read MoreInflation jumps to 4.3%, adding to pressure for RBA rate rise next week
Australia’s annual inflation rate jumped to 4.3% in September, up from 4.0% in August, keeping pressure on the Reserve Bank ahead of Tuesday’s interest rate decision.
Market expectations for another rate rise next week – which would be the fifth this year – surged to 80% after the inflation report.
» Read more about: Inflation jumps to 4.3%, adding to pressure for RBA rate rise next week »
Read MoreThe Burst
1 Buffett Story Nobody Told You That Led to Riches
When you tune into a Warren Buffett Annual Shareholder meeting, you’ll often hear the Oracle of Omaha reference See’s Candies, but few understand why this humble confectionary retailer holds such a special place in Buffett’s heart.
Back when Buffett bought See’s he had grand plans to be the candy mogul of the world.
» Read more about: 1 Buffett Story Nobody Told You That Led to Riches »
Read MoreThe Ivy
Is Buffett Finally Going to Split Berkshire Stock?
Berkshire Hathaway Class A (NYSE:BRK.A) shares are far and away the most expensive shares in the American stock market. Each Class A share of Warren Buffett’s conglomerate currently trades at over $705,000.
By now, the vast majority of companies would’ve gone through many stock splits to keep their shares affordably priced for retail investors.
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Read MoreThe Spotlight
Will Tesla 6x?
When Cathie Wood first bet that Tesla would hit a trillion dollar market capitalization, it was valued at around 6% of that level.
Naysayers said she was crazy.
They cited unequivocal statistics that “proved” Tesla was overvalued, like summing up the market caps of all vehicle manufacturers and pointing to Tesla’s being greater than the combination of them all.