From Breakingviews - Warren Buffett’s greatest hits lose their verve
, which retreated 18%, including dividends. It’s a testament to Buffett’s proven ability to ride out economic storms, even though the $670 billion company’s size makes it ever harder to outperform the market.
Buffett’s missive accompanying the financial results was among his shortest, at fewer than 3,500 words, in nearly 60 years of writing them. It also provided little new insight into his methods. He credited some of his success to his 99-year-old partner Charlie Munger, showcased the benefits of time as a “secret sauce,” and explained the virtues of stock buybacks in the right circumstances.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Open-source software braces for trade warThe open-source software movement has been an unprecedented driver of global innovation and productivity growth. By sharing code that runs databases, smartphones and designs semiconductors for free – and letting anyone contribute to upgrading it and patching its bugs – OSS, as it is known, has spared companies from the need to reinvent countless wheels, accelerating the growth of the $475 billion global software industry. Yet rising geopolitical tensions are putting the movement’s future economic contribution at risk.
Read more »
Breakingviews - A post-Erdogan Turkey could come in from the coldInvestors have shunned Turkey in recent years as President Tayyip Erdogan let inflation rip. The country’s relations with the West have deteriorated as he cosied up to Russia’s Vladimir Putin. He has also done too little to rein in carbon emissions. An opposition victory in upcoming elections, which is more likely after this month’s deadly earthquake, could change all that.
Read more »
Breakingviews - UK begins long and uncertain road back from BrexitBritain is beginning the long and uncertain road back from Brexit. Prime Minister Rishi Sunak has agreed changes to the deal the UK struck with the European Union for Northern Ireland trade, which should improve relations and enable closer collaboration with Brussels. While bigger steps forward look much harder, the symbolism of his deal is important.
Read more »
Warren Buffett delivers clear inflation warning, slams 'disgusting' money manager behavior in annual letterBillionaire Warren Buffett issued a clear inflation warning and hit at 'disgusting' money manager behavior in his annual letter to Berkshire Hathaway shareholders.
Read more »
Warren Buffett's Berkshire Hathaway is the largest investor in these 8 stocksWarren Buffett's earnings-linked letter to shareholders details dominant stakes in AmEx, BofA, two oil giants and more.
Read more »
Photos: Astros open Grapefruit League playHouston Chronicle staff photographer Karen Warren captures the scene during the Astros'...
Read more »