Warren Buffett’s Tech Stock Phobia Is Making His Billionaire Ranking Crater

Warren Buffett’s billionaire ranking is under threat from tech billionaires. Ex-Microsoft CEO Steve Ballmer is the latest to eclipse Buffett in net worth. Berkshire Hathaway is underperforming the broader stock market, a repeat of last year. Not that long ago, Warren Buffett regularly ranked among the world’s top three billionaires. But that’s changed, and the …

Trump Just Handed Warren Buffett a Bag With AmEx Entry to China

China is opening its financial sector to American Express. It’s the first foreign credit card company to do business in China. Warren Buffett stands to profit handsomely, and he’ll have the Trump Administration’s trade deal with China to thank for it. American Express (NYSE:AXP) will be the first foreign credit card company to do business …

Everyone Thinks They’re Warren Buffett Just Before the Stock Market Bubble Pops

A sports gambling podcaster-turned-day trader is canceling Warren Buffett. The millionaire internet celebrity gloated over airline stock gains Tuesday. But a gut-check correction to stock prices, poor decision-making by an amateur day trader, or even just bad luck could cancel Dave Portnoy’s gains. Move over, Eminem. Day traders are killing people in their lyrics too. …

For Warren Buffet, This is the Stock Market From Hell. Here’s Why.

After a blistering selloff in March, the stock market has bounced back 30% despite the worst economic backdrop since the Great Depression. Value investors like Warren Buffett are stuck on the sidelines as stock prices remain stubbornly high compared to fundamentals. Hedge fund manager Dan McMurtrie says this type of market action is ‘hell’ for …

Warren Buffett’s Berkshire Hathaway Bloodbath Warns of Monday Market Crash

Warrant Buffett’s Berkshire Hathaway took big losses in the Q1 2020. Berkshire’s dump of airlines sets the stock market up for Monday Massacre. Renewed trade tensions and Amazon’s stall, on top of Berkshire news, also threaten to crash the market. Warren Buffett may have just set up the next leg of a significant stock market …

What Will Buffett Do? He Already Told Us – But Dow Bulls Won’t Like It

Warren Buffett probably kept hold of his cash reserves over the past month despite the market downturn. Buffett may have invested in March, but we won’t know until May 2 when Berkshire reports its Q1 results. The current market is driven by greed, which goes against Buffett’s investment philosophy. During the Great Recession in 2008, …

Warren Buffett Made Sexual Comments Like Ken Fisher’s for Decades

Billionaire money manager Ken Fisher’s balance sheet is nearly $2 billion lighter than it was last month, all because he joked about sex on stage at a business conference. But maybe it’s his clients and our politically correct culture that need to lighten up. Fellow billionaire investor Warren Buffett has drawn similar sexual analogies to …

Bitcoin Is the ‘Single Best’ Financial Hedge: Warren Buffett ‘Disciple’

Venture capitalist Chamath Palihapitiya, a self-proclaimed “disciple” of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC. “Whether you support …