Mindblown: a blog about philosophy.

Entrepreneur Media LLC and Yahoo Finance LLC may earn commission or revenue on some products and services through the links below. Key Takeaways Warren Buffett, 96, disclosed on Friday in a letter to shareholders that he would be stepping down as chairman of Berkshire Hathaway’s board, effective immediately. He wrote that he was “more confident…

Warren Buffett is ending one of the key chapters in his life. The chairman of Berkshire Hathaway, one of the most successful investment firms in the world, is stepping down. He’ll become chairman emeritus, with his son, Howard Buffett, taking his place. Bill Gates, Melinda French Gates, and Warren Buffett (@ Najlah Feanny) Buffett shared…

NEW YORK (AP) — Wall Street capped an up -and- down week Friday with a mixed finish for U.S. stock indexes, as elevated bond yields and oil prices weighed on the market. The S&P 500 inched 0.2% higher after drifting between modest gains and losses for much of the day. The benchmark index also posted…

When people try to construct a portfolio, a lot of them end up instead building a collection of recent high-performing funds. The problem with that is that there’s often a high overlap across holdings that defeats the purpose of diversifying. Right now, that’s a big problem for anyone who owns an S&P 500 ETF, a growth…

The S&P 500 ended the session with a gain of just 3.15 points, settling at 7,640.86, a move that is effectively flat yet far from uneventful. The Dow Jones Industrial Average told a different story, giving back 0.17% on the day. That divergence between the two indexes points to movement happening at the sector or…

Semiconductor giant Nvidia (NASDAQ: NVDA) has been a hot stock for some time now — for good reason. It has averaged annualized gains of 52% over the past 15 years. That was enough to turn a single $10,000 investment 15 years ago into a stake worth $5.9 million (with dividends reinvested) or $5.4 million (without…

Warren Buffett speaks to reporters before presiding over the annual shareholders meeting. (Nati Harnik/AP) Under the leadership of legendary investor Warren Buffett, Berkshire Hathaway left footprints all over Texas. The $1 trillion conglomerate announced Friday that Buffet is stepping down from his role as chairman after more than six decades and his son, Howard Buffett,…

Many investors buy energy stocks for stable dividends. However, volatile commodity prices, high debt, or weak cash flows can drive some of those companies to reduce their payouts. To determine if a dividend-paying energy stock is safe to buy in this choppy market, we should review its leverage, dependence on oil prices, and its payout…

In June, SpaceX (SPCX -1.32%) successfully completed its blockbuster IPO, raising more than $85 billion. In the days that followed, SpaceX’s market cap soared from an initial IPO valuation of $1.77 trillion to nearly $2.8 trillion. Shares corrected hard after the surge, however, and SpaceX’s valuation now hovers just below $2 trillion — a 36%…