Mindblown: a blog about philosophy.
-
Warren Buffett's Successor, Greg Abel, Has $64 Billion of Berkshire Hathaway's Assets Invested in 3 Unstoppable AI Stocks
On Dec. 31, after roughly six decades at the helm of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), Warren Buffett retired as CEO. He oversaw cumulative gains in his company’s Class A shares (BRKA) of more than 6,000,000% and became one of Wall Street’s most prominent buy-and-hold investors. While the Oracle of Omaha was never one for…
-
Why are the Indian stock market, gold and silver prices moving in the same direction? Explained
Amid an escalation in the US-Iran war, crude oil prices skyrocketed on Monday, putting pressure on global equities, including the Indian stock market. Among the key benchmark indices, the BSE Sensex and Nifty 50 indices crashed by over 2%, while the Bank Nifty Index nosedived byover 3%. However, following sharp selling in the stock market,…
-
Was Warren Buffett’s Coca-Cola Investment a Mistake?
Popartic / iStock Editorial via Images (Popartic / iStock Editorial via Images) Quick Read Coca-Cola (KO) has generated 7,830% total returns since Buffett’s 1988-89 entry, outperforming PepsiCo (PEP) which delivered 6,485% over the same period, with Berkshire now holding 400 million Coca-Cola shares (9.3% of the company) generating over $200 million in annual dividends. Buffett’s…
-
US lifts sanctions on Iranian oil at sea
The US temporarily waived sanctions on Iranian oil that’s already at sea, boosting the war economy of the nation Washington is waging war against. The move marks an effort to relieve pressure on global energy markets, as the conflict spurs major supply disruptions and sends prices soaring. White House officials argue the waiver allows US…
-
Iran-US-Israel War News LIVE: PM Modi calls West Asia crisis ‘worrisome’, says it has ‘severe impact’ on global economy
Iran-US-Israel War News LIVE Updates: At 2 PM today, Prime Minister Narendra Modi addressed the Lok Sabha on key aspects of the ongoing West Asia war. Iran’s IRGC said on Monday it would retaliate against any attack on its electricity sector by targeting West Asian power plants and facilities supplying US bases in the region,…
-
Want Decades of Passive Income? 2 Energy Stocks to Buy Right Now
Key Points Enterprise Products Partners has increased its dividend payouts for 27 consecutive years. Enbridge has increased its dividend payouts for 31 consecutive years. Both companies have the financial health to sustain their dividends. When a company’s dividend yield seems too good to be true, that’s often because it is. Particularly high yields can be…
-
The Projected Federal Reserve Script Has Been Flipped — and the Stock Market Isn't Ready for It
For years, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have appeared unstoppable. The evolution of artificial intelligence (AI), record corporate share buybacks, and the prospect of lower interest rates have fueled this bull market rally. But the foundation for one of Wall Street’s key pillars is…
-
Should You Buy the Invesco QQQ ETF During the Stock Market Sell-Off? History Offers a Clear Answer.
Over 3,500 companies have chosen to go public through the Nasdaq stock exchange. The Nasdaq-100 index tracks the performance of the top 100 (by value) companies, excluding banks and other financial institutions. Since the technology sector is home to more trillion-dollar companies than any other sector, it boasts a dominant weighting of almost 60% in…
-
Stock market crash: Tata Steel, Vedanta, Hind Zinc, Hind Copper: Metal stocks tank upto 6%
Metal stocks were under severe selling pressure as the Monday blues returned to haunt Dalal Street following a warning from US President Donald Trump, who ordered Iran to reopen the Strait of Hormuz within 48 hours or face the destruction of its energy infrastructure. The risk-off sentiments is denting the appeal of all commodities and…
-
The Projected Federal Reserve Script Has Been Flipped — and the Stock Market Isn't Ready for It
For years, the Dow Jones Industrial Average (^DJI 0.96%), S&P 500 (^GSPC 1.51%), and Nasdaq Composite (^IXIC 2.01%) have appeared unstoppable. The evolution of artificial intelligence (AI), record corporate share buybacks, and the prospect of lower interest rates have fueled this bull market rally. But the foundation for one of Wall Street’s key pillars is…
Got any book recommendations?