Would You Pay $4.6 Million to Dine With Warren Buffett? Someone Just Did

Warren Buffett, the iconic investor with a personal net worth of $84 billion, is a charitably social individual. For the last two decades, Buffett has entertained business lunches with strangers for the sake of worthy charities. The 20th annual “Power Lunch With Warren Buffett” just went to an anonymous bidder for $4,567,888. The charity lunch […]

Is A Severe Recession Inevitable? Here’s What Worries Washington

The U.S. Federal Reserve released recently its second report on vulnerabilities to the U.S. financial system, citing rising levels of risky corporate debt one of its top concerns. The report identified several risks that could lead to financial instability. While the current, slow expansion is nearing an all-time record, a number of touchy factors could […]

The World’s Richest Are So Rich It’s Getting Hard to Even Comprehend

Global levels of wealth inequality are higher than ever. Wealth has been concentrated among elite individuals and dynastic families by widely disproportionate levels for decades. Nevertheless, according to Gabriel Zucman, a University of California economics professor, socioeconomic data analyst, and expert on wealth inequality, the problem hasn’t been this bad for over a century. In […]

Warren Buffett’s Partner Says the Secret Is ‘Just Avoid Being Stupid’

Avoid meetings and read constantly, advises 95-year-old Charlie Munger If you avoid doing stupid things, it’s easy to make money investing, he says. Disciple of value investing godfather Benjamin Graham shares his best ideas. Columnist Jason Zweig of the Wall Street Journal recently interviewed investment legend Charlie Munger at his Los Angeles home. Munger, now […]

Things Are Bad in Your Country When Even the Billionaires Give Up and Leave

When waves of middle-class and poverty-stricken migrants leave a country, many assume that it’s for reasons related to security, unemployment, or political instability. However, a more reliable barometer of a country’s social and political health may be measured in the migrations of the wealthy. In 2018 alone, more than 108,000 millionaires and billionaires fled their native […]

Don’t Have $25 Million? Then You’re Just Another Peasant

According to recent studies, the rate of income inequality between the poor and rich in the United States hasn’t been this stark since the Great Depression. It’s all relative, of course. According to the elite private bankers you’re not really, really rich unless you have at least $25 million in the bank. Private bankers and […]

Which Bond Funds Suitable for Your Income Needs?

The current interest rate environment provides challenges for those investors seeking to maximize income while minimizing risk. For the past decade, a zero-interest rate environment strongly favored the stock market and made fixed-income vehicles unattractive, due to their paltry yields. Five years ago, the average yield for a one-year Treasury bill was less than 0.2% […]

Chief of World’s Biggest Investment Firm: No Recession Ahead

BlackRock’s Chairman and CEO Larry Fink says the global economy is not showing any signs of going into a recession — and certainly not America’s, which has a robust relative economy. “I see no signs of a global recession in the coming 12 months,” Fink told German publication Handelsblatt. Fink, who leads the world’s biggest asset […]

Does Your Homeowners Insurance Really Protect You at All?

Homeowners insurance is complex. It’s easy to buy too little or too much. For instance, less than 20% of Americans have flood insurance. Hurricane Harvey, which made landfall in Texas in August 2017, caused over $200 billion in damages. Harvey was one of the costliest natural disasters to hit the United States. Yet more than 80% […]