The market rout late last year and losses at Kraft Heinz hurt Berkshire’s profits. Mr. Buffett also talked about his appetite for huge deals and the U.S. budget deficit.
The stock market fetish
The most recent turmoil in the stock market caused by Donald Trump’s ill-considered policy to impose tariffs on the entire world, has brought up one legitimate question: what is the correct attitude towards stock market declines and crashes?
Are Tech Bros Ruining Fashion?
The A.I. Boom and the Spectre of 1929
As some financial leaders fret publicly about the stock market falling to earth, Andrew Ross Sorkin’s new book recounts the greatest crash of them all.
Opinion | We’re Measuring the Economy All Wrong (Published 2018)
The official statistics say that the financial crisis is behind us. It's not.
Hedge Funds: Even Millennium and Citadel's Losing Traders Are Hot Recruits
With talent in short supply, top firms are looking at rival loss-making portfolio managers as a rare hiring opportunity.
Japan’s Nikkei Hits New Record High
The Nikkei 225 Index rose 0.8% to trade above 63,700 on Thursday, setting fresh all-time highs as strong corporate earnings and upbeat guidance reinforced investor confidence, while sustained demand for artificial intelligence-related stocks continued to drive gains. Japanese equities also mirrored a tech-led rally on Wall Street overnight, even as accelerating US inflation fueled concerns that the Federal Reserve could still opt for another rate hike. At the same time, markets remained focused on the meeting between US President Donald Trump and Chinese President Xi Jinping, with discussions expected to prioritize trade relations. Among individual movers, gains were led by Kioxia Holdings (1.7%), Furukawa Electric (1.5%), Advantest (2.8%), Fanuc (10.4%) and Resonac Holdings (15.6%). In contrast, mining firm Mitsui Kinzoku fell 11.8% after issuing a weaker profit forecast for FY2027 despite projecting higher sales.
The Value of Nothing: Capital versus Growth - American Affairs Journal
Throughout 2021, U.S. stock market valuations have hovered near all‑time highs. In June, the unadjusted price-to-earnings (P/E) ratio of the S&P 500 index eclipsed the tech boom record of 2000. Many other asset classes have attained, or nearly attained, record valuations as well. Stratospheric valuations may be partially attributable to the unique circumstances surrounding Covid-19...
Back To Square One - Fast Company
Jack Dorsey’s dazzling startup promised to transform the credit and finance industry with a sweeping, digitized vision of the future. After losing $100 million, has his company lost its edge?
Why Amazon Has No Profits (And Why It Works) | Andreessen Horowitz
Amazon has a tendency to polarize people. On one hand, there is the ruthless, relentless, ferociously efficient company that’s building the Sears Roebuck of the 21st Century. But on the other, there is the fact that almost 20 years after it was launched, it has yet to report a meaningful profit. This chart captures the...
The Death of Newsweek
The U.S. is losing something as the publication disintegrates—a magazine with guts and heart.
How Amazon’s Bottomless Appetite Became Corporate America’s Nightmare
CEOs may grumble about wages, shareholders, and Washington, but they should truly fear Jeff Bezos’s sprawling empire.
There are new and specific numbers in this story, so it’s worth reading. I continue to resent the lack of credit to Nick Schwellenbach at @pogo.org, Dan Friedman at @motherjones.com, and me, who have previously reported every other aspect of this story, including that the sale prices were very high.
