Showing 1 - 10 of 232
Even Warren Buffett makes statistical errors
News, Published on 24/05/2025
» One person you wouldn't expect to hear tout a statistical fallacy is Warren Buffett, but the legendary investor appeared to do just that at the recent Berkshire Hathaway annual meeting, a reminder of just how easy it is to fall into statistical traps. While speaking at the annual meeting in early May, Mr Buffett commented while holding up a can of sugar-laden soda: "For 94 years I've been able to drink whatever I want to drink. They predict all kinds of terrible things for me, but it hasn't happened yet ... Charlie [Munger] and I never really exercised that much or did anything -- we were carefully preserving ourselves for these years."
Asian currencies surge on weaker dollar, oil falls
Published on 05/05/2025
» Asian currencies advanced amid broad weakness in the dollar and US assets as investors awaited further progress on trade deals. Crude oil slumped 3.6% after OPEC+ agreed to a further surge in output.
Warren Buffett: billionaire investor with simple tastes
AFP, Published on 04/05/2025
» NEW YORK - Admired for his investing prowess and a taste for the simple things in life rather than luxury, billionaire Warren Buffett has won public affection even as he amassed a fortune for the ages -- riches that the "Oracle of Omaha" has pledged to give away.
Warren Buffett says will retire from Berkshire Hathaway by year's end
AFP, Published on 04/05/2025
» WASHINGTON - Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.
BYD to overtake Volkswagen ventures as China's top producer
South China Morning Post, Published on 19/11/2024
» HONG KONG — BYD (Build Your Dreams) is set to overtake perennial market leader Volkswagen as China's biggest carmaker in 2024 after outselling the German company's joint venture units in the first 10 months, as the growing popularity of battery-powered cars strengthens its market dominance.
How the world can escape the new Gilded Age
News, Published on 25/10/2024
» Tech billionaires such as Bill Gates, Mark Zuckerberg and Elon Musk are not just among the richest people in human history. They also are exceptionally powerful -- socially, culturally and politically. While this is partly a reflection of the social status that our society attaches to wealth in general, that is not the whole story.
Wall Street bounce helps lift Asian shares
Business, Published on 10/08/2024
» RECAP: Asian shares were poised to end a tough week on an upbeat note after Wall Street bounced overnight and data showed China taking a step away from deflation, while Japanese stocks managed to sustain an early rally.
Chinese EV makers' price wars will sow doubts over quality
South China Morning Post, Published on 13/06/2024
» BEIJING - Price competition among Chinese electric vehicle (EV) makers abroad is not sustainable since consumers will start to doubt the quality and reliability of the cars if they are frequently discounted, according to Bain & Co.
NYSE fixes issue that showed 99% drops, triggered trading halts
Bloomberg News, Published on 04/06/2024
» A glitch during a software update early Monday led the New York Stock Exchange to erroneously halt trading on about 40 stocks and display odd trades showing a 99% drop in companies including Warren Buffett’s Berkshire Hathaway Inc.
China's EV price war spreads overseas
South China Morning Post, Published on 25/05/2024
» BEIJING - A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home.