What We’re Reading in the Media
Ludicrous. That’s the one word I need to describe this article. It rehashes what we know about Buffett but tacks on complaint after complaint that investing in “monopolies” is a bad thing for society.
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More
People can disagree with how Buffett makes money. Even I share that opinion because Buffett gets info and deals that none of us are able to. But the part that gets my blood boiling and boggles my mind is the anti-capitalist position.
I get that a majority of people don’t like it when people have more money than they do, but why does somebody who earned and worked their way up, have to apologize? So many people yearn for the opportunity to come to the US and “make it”, yet why do so many US citizens want to combat that and pull people down?
Maybe the author should try another investigation after having lived in North Korea and witness first hand how his utopian society of no oligopolistic competition pans out.
If you have a different opinion after reading the article, I’m interested to hear your position.
A list of the companies that Ray Dalio is betting against in Europe. These are not just small bets too. Dalio is now at $22B.
I’ve gone through his book “Principles: Life and Work” and his checklists and systems created Bridgewater to what it is today. If his indicators on Europe are that strong, keep a lookout as he thinks there is a risk of a recession in the next 18-24 months.
A 100% profitable way to make money in the stock market. This man utilized a farming approach to investing and has not lost out once.
Don’t want to spoil the story. Read it for yourself.