Buffetts

(Bloomberg) -- The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead. Foreign investors have boosted ownership of the stock to a two-year high, backing claims by TSMC that AI will be its biggest growth driver this year. The company has more than a 90% share in manufacturing advanced semiconductors used for AI, according to Pictet Asset Management.The turnaround last year — the stock had plunged 27% in 2022 — came…

Charlie Munger, the billionaire investor and the vice chairman of Berkshire Hathaway, has passed away at the age of 99. He would have turned 100 on the new year's day. Munger was highly regarded for his brilliant wit and analysis and was the man behind building up the Warren Buffett-led investment firm to its present gargantuan status. His insights and vision in the technology sector led to the company making pin-pointed investments that paid large dividends. Even though Berkshire came very late to the Apple party, one…

Berkshire Hathaway exited Paytm-parent firm One97 Communications Friday at a loss of about 40% on the high-profile investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion. The investment giant — which sold a stake worth $36 million in Paytm in 2021, at a profit — sold its remainder position on Friday for $121.6 million, according to disclosure by…

Warren Buffet's Berkshire Hathway sold its entire stake in Fintech major Paytm through the open market for about Rs 1,370 crore. The transaction was done at Rs 877.2 apiece.Berkshire Hathaway's unit BH International Holdings sold about 1.56 crore shares in the digital payments company. As of September end, BH International Holdings held a 2.46% stake in Paytm.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product…

Jimmy Buffett‘s headlining Summerfest performance has been canceled.Organizers for the Milwaukee music festival announced Tuesday that Buffett and his Coral Reefer Band’s July 6 act was nixed from the lineup “due to circumstances out of our control.” Indie pop trio AJR, who will also open for Imagine Dragons on July 8, has been tapped as a replacement.Although the festival did not disclose the reason for the cancellation, Buffett was hospitalized last month in Boston for for unspecified health “issues that needed…

One of the most successful people in the history of capitalism recently did something out of character: He proposed a theory for his own success.  Warren Buffett’s annual letter to the shareholders of Berkshire Hathaway is a chance for him to reflect on the past year. This year, he also ruminated on the past 58 years, and he managed to summarize his career in two numbers. The first was Berkshire’s returns over that period: 3,787,464%. The second number was smaller and less precise but no less…

Billionaire Warren Buffett's company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings.Berkshire Hathaway Inc. revealed several changes to its stock portfolio in documents filed with the Securities and Exchange Commission Tuesday. Many investors follow the company's moves closely because of Buffett's remarkably successful investing record over the decades. Berkshire picked up nearly 21…

Just months after disclosing a huge stake in Taiwan Semiconductor Manufacturing Co., Warren Buffett's Berkshire Hathaway Inc. reported dumping almost all of it. In doing so, the world's most famous investor may have left more than $1 billion in profit on the table while revealing even he may not be immune to macroeconomic jitters. Berkshire held 60.06 million American depositary receipts in the world's biggest chip manufacturer at the end of September, worth $4.12 billion at the time, according to an exchange filing.…

Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned investors it has no affiliation with a purported cryptocurrency brokerage website using the Berkshire Hathaway name. The website describes its operator as a Texas-based broker founded in 2020 to give investors "an opportunity to achieve a completely passive income from investment in cryptocurrency mining." It includes purported customer testimonials and says the broker is regulated in the United States, United Kingdom, Cyprus and South Africa,…

In this photo illustration, the Paramount Global logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesParamount Global's stock got a boost Tuesday after Warren Buffett's Berkshire Hathaway upped its stake, a fresh signal that the media and entertainment company could be an acquisition target.Berkshire disclosed in public filings late Monday that it now owns more than 91 million shares in Paramount. Buffett's firm first disclosed its new stake in Paramount in May.Paramount's…