It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Charlie Munger, vice-chairman of Berkshire Hathaway, who lived a remarkable 99 years, was much more than Warren Buffett’s business partner or an investing wizard. Munger was a beacon of wisdom, integrity, and wit, influencing not only the world of investing but also imparting invaluable lessons on rational thinking and ethical living. Munger and Buffett first … Read more
Apple and Amazon’s earnings were a tale of two tech companies. Apple is stuck in a sales slump and investors are starting to get nervous. The company’s sales have now fallen for three consecutive quarters, and it expects another decline in the current quarter. Amazon, on the other hand, impressed with strong profits and better-than-expected … Read more