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Added on the 03/05/2019 09:36:16 - Copyright : Wochit
The great Warren Buffett is a skilled investor who is studied, analyzed, and imitated by many. But according to Business Insider, most people already have what Buffett has used to generate his immense wealth. In Morgan Housel's new book 'The Psychology of Money,' Housel argues that the 'secret' is simply how long Buffett's been investing. In other words, time. When measured by average returns, Buffett isn't the greatest investor of all time — but he's had time and patience on his side. In fact, Buffett admitted this himself in an interview with motivational coach Tony Robbins, who asked Buffett how he got so rich. Three things: Living in America for the great opportunities, having good genes so I lived a long time, and compound interest. Warren Buffett Founder, Berkshire Hathaway
'The Deals of Warren Buffett Volume 2: The Making of a Billionaire' reveals how Buffet gave Microsoft founder Bill Gates some 'marital' advice. According to Markets Insider, the Berkshire Hathaway boss took Gates and his future wife, Melinda, ring shopping at Borsheims--one of Buffet's businesses. That's when Buffett told Gates that he'd spent 6% of his net wealth on an engagement ring in 1951--and Gates should do the same. At the time of the 1993 romantic shopping trip, Gates was worth around $6.2 billion. Unfortunately for Buffet, Gates declined to shell out $370 million — nearly $660 million in today's dollars.
Warren Buffett has a history of endorsing candidates for President. He's endorsed Barack Obama and Hillary Clinton. Yet, Business Insider reports that Buffett has not endorsed Joe Biden. The billionaire investor and Berkshire Hathaway CEO has defended his right to take a political stance. He may be worried about angry customers, or disgruntled employees, if he takes a side in this election. "You have to be careful about when you do speak because it's going to be assumed you're speaking on behalf of your company," he said during last year's annual meeting.
New research suggests that Warren Buffett's Apple investment might not payoff over the next decade. Dimensional Fund Advisors tracked the largest 10 US stocks at the start of each decade since 1930. Business Insider reports that DFA found that on average, they underperformed the market by 1.1% over the next five years and 1.5% over 10 years. Apple is the most valuable US stock with a $2-Trillion market capitalization. Buffett's Berkshire Hathaway counts Apple as the biggest holding in its equity portfolio. The investor's company has more than tripled its money on Apple in less than five years. The company might not gain significantly more for a long time.
Mariah Carey's festive classic 'All I Want For Christmas Is You' has made it to number one in the Billboard Hot 100 chart, 25 years after it was released.
Mariah Carey's festive classic 'All I Want For Christmas Is You' has made it to number one in the Billboard Hot 100 chart, 25 years after it was released.
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