Billionaire Warren Buffett's Favorite Valuation Tool Just Made Dubious History — and It Couldn't Be Worse News for Wall Street
The Oracle of Omaha’s “best single measure of where valuations stand at any given moment” just hit a record high.
For decades, billionaire Warren Buffett has been Wall Street’s most-followed money manager — and for good reason. In his six-decade stead as the CEO of Berkshire Hathaway (BRK.A 0.98%) (BRK.B 0.98%),
The Hunt for a 316-Year-Old Stradivarius Stolen in the Fog of War
As Germany devolved into chaos at the end of World War II, a rare violin from the famed shop of Italian luthier Antonio Stradivari was plundered from a bank safe in Berlin.
The instrument, crafted in 1709 during the golden age of violin-making, had been deposited there years earlier by the Mendelssohn-Bohnke family as Nazi persecution put assets owned by Jews in jeopardy.
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Read MoreSaving and investing choices of the South African consumer class
South Africa’s national savings month arrives this July, in another year with the economy still grinding in low gear and unrelenting global uncertainties. For those managing to save and invest, the challenge is staying the course to ensure long-term financial health.
According to the BrandMapp 2024 dataset, 80% of the country’s consumer class has savings and/or investments.
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Read MoreS&P 500: This Is Unusual, Week Starting 7th July (Technical Analysis)
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Andrew McElroy is Chief Analyst at Matrixtrade, author of the ebook ‘Fractal Market Mastery’ and producer of the ‘Daily Edge.’
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Read MoreA top strategist who called last year's rally sees AI driving the S&P 500 up 12% by the end of 2025
Don’t bet against the continued strength of Big Tech.
Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, expects to see AI drive earnings growth and boost the S&P 500 to new all-time highs by the end of the year.
Bartels, whose accurate bullish forecast earned her a spot in Business Insider’s Oracles of Wall Street last year,
Read MoreThe Burst
Market Commentary: Is Buffett’s IPO Bet In A Bubble?
It’s rare that the Oracle of Omaha makes a bet on a tech company, let alone one that has recently had an initial public offering. It’s even rarer for him to invest pre-IPO, but that’s exactly what he did with Snowflake.
Read MoreThe Ivy
The Best Stock Over The Past 25 Years
You would probably assume that Apple’s rise to become a $3 trillion market capitalization company cements its holding on the title of the best performing stock over the past quarter century. If not Steve Jobs’s firm, surely Microsoft holds the top spot as the largest company by valuation in the S&P 500 today?
It turns out neither company has the title,
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