Charlie Munger once called real estate a ‘very lousy investment’ for him and his partner Warren Buffett — here’s why Real estate is often considered a relatively reliable way to build wealth. That’s why it’s surprising that two of the most famous investors in the world — the late Charlie Munger and Warren Buffett — […]
Justice Sonia Sotomayor, one of the three lonely liberals on a Supreme Court with a right-wing supermajority, confessed in a speech last month, “There are days that I’ve come to my office after an announcement of a case and closed my door and cried.” Friday surely was one of those days. The court issued the […]
While many people view homeownership as a hallmark of financial stability and wealth building, legendary investor Warren Buffett says it includes overlooked costs, which could make buying a house a poor investment. “Buying a house is usually a lousy investment,” said Buffett, who has lived in the same Omaha, Nebraska, home he purchased in 1958 […]
(Bloomberg) — South Africa’s woeful economic performance boils down to one key factor — a lack of electricity, according to Harvard University’s Professor Ricardo Hausmann. Most Read from Bloomberg About two decades of power cuts, exacerbated by the government’s inability to make decisions and its adherence to hidebound ideology, have de-industrialized what was once a […]
Jeffrey Gundlach.REUTERS/Eduardo Munoz The “double top” in the S&P 500 makes it seem like a “pretty lousy trade,” Jeffrey Gundlach says. Stocks could fall if earnings disappoint, and value could outshine growth, the elite investor says. Gundlach views a US recession as highly likely, and ballooning government debt as a big problem. The S&P 500 […]