Berkshire Hathaway Vice Chairman warns of market ‘frenzy’; frowns on gambling mentality, bitcoin, SPACs
(Reuters) – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday warned that the stock market bears signs of a bubble, reflecting a “dangerous” mentality among some investors to gamble on stocks as they would horse races. Munger, 97,...
The fundamental numbers still don’t make sense
GameStop’s Roller Coaster Ride Resumes GameStop GME +35.7% had another huge move up on Wednesday after the company announced the CFO was resigning the company. Normally a stock declines when a CFO suddenly departs but GME increased over 100% yesterday, moving from...
“You weakened the power the minister has because Facebook bullied you”
Australian Senator Slams Government For ‘Buckling’ To Facebook An Australian Senator has slammed the government there for agreeing to weaken a new law that would see Facebook have to pay for news content, after the social media site blocked all news, as well as...
Hope is never a good strategy
If you are placing your trust in markets on the ability of central banks and governments to invisibly/independently coordinate these powerful twin levels of fiscal and monetary policy – well that’s a big ask. Can the global economy really recover without fiscal and...
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