Demonstrators take part in a rally held by Russian Communist party to mark the Red October revolution’s centenary in central Moscow, Russia November 7, 2017. REUTERS/Sergei Karpukhin Russia’s economy could end up looking a lot like it did in the ...
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Charlie Munger once advised Warren Buffett to live his life according to how he wanted his obituary written, and ‘live backwards’
GoodayfriendsCharlie Munger died Tuesday at age 99. Nati Harnik/AP Charlie Munger, the investing legend, once advised Warren Buffett to live life backwards. Think about what you want your obituary to say, and work towards it, Munger advised Buffett, he told ...
Charlie Munger once funded a $185 million windowless dorm at his alma mater, the University of Michigan: ‘You never saw a happier bunch of students’
GoodayfriendsThe late Charlie Munger (left) funded the construction of the Munger Graduate Residences (not pictured) at his alma mater, the University of Michigan. Aside from the common areas, dorm rooms there are windowless. Johannes Eisele/AFP via Getty Images; Hill Street ...
Here’s some of the best advice offered by late investing legend Charlie Munger
GoodayfriendsCharlie Munger spent decades as the vice chairman of Berkshire Hathaway. Nati Harnik/AP Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was a legendary investor and right-hand man to Warren Buffett. He believed in remaining cheerful and ...
Is China really dumping Treasury bonds and sending yields higher? A former US official explains the mystery
GoodayfriendsReuters China is not dumping its stockpile of US bonds, Brad Setser, a former Treasury official, wrote. A large part of China’s holdings is not accounted for in official US data, he said. While it has sold some Treasurys, Beijing ...
A Hollywood director took millions of dollars in Netflix funding and used it to trade options and crypto, report says. Here’s a closer look at how he used the cash.
GoodayfriendsAn illustration of dogecoin. Barcroft Media/Getty A movie director used Netflix funds to trade options and cryptocurrencies, The New York Times said. “47 Ronin” director Carl Erik Rinsch bet on Gilead Sciences and dogecoin, and against the S&P 500. He ...
Alibaba’s stock dropped so much that Jack Ma reversed a plan to sell shares for his other investments
GoodayfriendsAlibaba cofounder Jack Ma’s wealth has halved from its late 2020 peak following a sustained slump in the company’s share price. Yuya Shino/Reuters Alibaba cofounder Jack Ma walked back on plans to sell the company’s stock. The Chinese tech giant’s ...
US stocks climb ahead of Thanksgiving as investors weigh lower oil prices and jobless claims
GoodayfriendsThe Charging Bull, or Wall Street Bull, is an icon of the stock market in Manhattan. Carlo Allegri/Reuters US stocks climbed on Wednesday as Wall Street headed into the Thanksgiving holiday break. Oil prices and weekly jobless claims dropped, and ...
Dollarization will provide an ‘incredible boost’ to Argentina’s economy, veteran emerging-markets investor says
Goodayfriends(Photo by LEO LA VALLE/AFP via Getty Images) A plan by Argentina’s president-elect to dollarize the economy won the backing of Mark Mobius. The veteran emerging-market investor said the currency shift would be an “incredible boost” for the economy. Sky-high ...
ETFs that track meme stocks have been surging, as ‘animal spirits’ return to markets
GoodayfriendsTraders on Reddit and other internet forums famously pushed up the price of meme stocks to dizzying highs at the start of the pandemic. SOPA Images/Contributor Meme stocks have been on the rise recently as November’s market rally brings a ...