08/19/2020
Today Bill McGilton, American Consequences Buffett is currently seventh on the Bloomberg Billionaires Index – a daily ranking of the world’s richest people. The index lists his net worth at roughly $73 billion… and he earned it all through investing. The “Oracle of Omaha” invests through his conglomerate holding company Berkshire Hathaway (BRK-B), which he took over in 1965. Since then, Buffett has generated a compound annual return of around 20% per year on average while managing Berkshire’s investments. Every $10,000 investment in Berkshire Hathaway at the start of 1965 was worth $274 million at... |
Matt Phillips, New York Times Investors have cast the nearly relentless drumbeat of bad news aside to focus on any signs that the worst of the coronavirus pandemic might be over. |
Market Minder, Fisher Investments Stocks' rally isn't Fed-fueled, in our view, and it doesn't need a catalyst to continue. |
Barry Ritholtz, Bloomberg It?s not rare for a small group of equities such as Apple, Microsoft and Amazon.com to account for a large percentage of the S&P 500. |
Mark Hulbert, MarketWatch The lesson: Keep enthusiasm in check |
Nancy Vailakis, Worth Shoaib Khan of the State Board of Administration of Florida shared his intel into how large pension funds are viewing the world and adjusting their sails accordingly. |
Brad Polumbo, Foundation for Economic Education This Friday, Uber and Lyft are set to entirely shut down ride-sharing operations in California. The businesses’ exit from the Golden State will leave hundreds of thousands of drivers unemployed and millions of Californians chasing an expensive cab. Sadly, this was preventable. |
Steve Goreham, Washington Examiner More than a million Californians suffered power blackouts last Friday evening. When high temperatures caused customer demand to exceed the power available, California electrical utilities used rotating outages to force a reduction in demand. The California grid is the worst in the nation, with green energy policies pursued by the state likely furthering reduced grid reliability. |
Vladislav Inozemtsev, RCM When Russia occupied the Crimean peninsula and supported the separatists in Ukraine’s eastern Donbas region, some Western experts advocated a common policy approach to Ukraine, along with its neighbors Moldova, Belarus Georgia, Armenia, and Azerbaijan. In Moscow, policymakers still refer to these nations as to Russia’s “near-abroad,” and from Brussels they are seen as“Eastern Partners.” But there is another “in-between” space that demands focus from the West: Central Asia. The geostrategic region is being squeezed by America’s two greatest... |
Dhara Singh, Yahoo Finance Even though the coronavirus pandemic has increased health concerns among retired Americans, their financial well-being has been more immune. But these retirees still have money worries: Their adult children's. |
Douglas Holtz Eakin, The Hill More citizens need to have internet access for the future. |
Sarah Jones, New York Postmaster General Louis DeJoy is temporarily ending some controversial changes to the post office. But the fight isn't over, labor leaders and workers say. |
Jerry Bowyer, Vident Financial |
Richard Moody, Regions Bank |
Bernard Sharfman, The FinReg Blog |
Jeffrey Buchbinder & Ryan Detrick, LPL Financial |
Richard Moody, Regions Bank |
Jerry Bowyer, Vident Financial |
Beth Akers, Manhattan Institute |
Brian Fung, CNN Amazon said Tuesday it plans to hire 3,500 additional workers in cities across the United States. This move commits the e-commerce giant to a significant expansion of office space at a time when others in the tech industry are embracing telecommuting indefinitely. |
Peter Morici, MarketWatch |
Peter Lipsett, The Examiner Are we giving more, or are we giving up? |
Ben Smith, The New York Times The streaming services are in charge, and bringing a ruthless new culture with them. |
Ethan Wolff-Mann, Yahoo Finance The best 100 days of the stock market ever just happened. That illustrates one of the most important lessons in finance in terms more clear than ever before. |
Sarah Keohane Williamson, Hill There are many steps to take to address the inequities in our society. Providing all Americans, not just a fortunate subset, access to retirement savings that they can invest and grow over time is one such step. By growing access to equities, we can begin to address inequity. |
Shawn Langlois, MarketWatch ?This is simply too much economic and political power in the hands of twelve people? |
Amy Feldman, Forbes Arnaud Plas is betting on a custom-made machine from France to turn his niche Brooklyn-based haircare company, Prose, into a beauty behemoth. |
Judith Miller & Douglas Schoen, The Hill The downturn from the crisis harms some more than others. |
Jeanna Smialek & Alan Rappeport & Emily Cochrane, NYT Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package. |
Sara Ashley O'Brien, CNN When faced with tough legislation over the years, Lyft and especially Uber relied on a tried and tested playbook: threaten to suspend service in the area. The threat, which the companies would sometimes follow through on, appeared designed to rile up customers and drivers, and put more pressure on lawmakers. |
Eli Lehrer, Washington Examiner In a nation struggling with double-digit unemployment and economic contraction, jobs sit at the top of the policy agenda. Many of the 15 million or so positions lost to the pandemic will take time to come back. Some never will. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Richard A. Epstein, Reason.com The progressive agenda assumes that no amount of taking will ever lead to less earning. |
Maxim Sytch, Harvard Biz Review Some jobs just don't require an office. |
Theodore Dalrymple, City Journal The Folger Library pledges allegiance to identity politics. |
Avi Loeb, Scientific American Vastly extended life spans would bring dazzling opportunities and daunting risks |
Christine Idzelis, Institutional Investor Betting against Elon Musk's Tesla is the widow-maker trade of 2020. |
The Accumulator, Monevator How a lucky streak can set you back years as an investor. |
J.D. Tuccille, Reason.com A life of built-in social distancing looks better than ever. |
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