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2 mins read
Charlie Munger only trusted one person besides Warren Buffett with his personal fortune. Here's a look at Li Lu's tribute to the legendary investor.
Li Lu, hailed by Charlie Munger as the "Chinese Warren Buffett," praised the late investor for taki…
Theron Mohamed
2 mins read
Charlie Munger only trusted one person besides Warren Buffett with his personal fortune. Here's a look at Li Lu's tribute to the legendary investor.
Li Lu, hailed by Charlie Munger as the "Chinese Warren Buffett," praised the late investor for taki…
Theron Mohamed
2 mins read
Charlie Munger invested nearly $90 million of his family fortune with Li Lu. The 'Chinese Warren Buffett' has turned it into about $400 million.
Warren Buffett's right-hand man trusted an outsider with his personal wealth and made "four or five…
Theron Mohamed
2 mins read
An investor hailed as 'The Chinese Warren Buffett' just revealed a $245 million stake in Berkshire Hathaway — and now counts Buffett's company among his biggest bets
Li Lu, the fund manager responsible for Berkshire's lucrative bet on BYD, snapped up nearly 900,000…
Theron Mohamed
2 mins read
Warren Buffett's Berkshire Hathaway has cashed in about $230 million of BYD stock. Charlie Munger and Li Lu's sales foreshadowed the move.
Buffett's company has sold nearly 3% of its BYD stake for a roughly 36-fold profit in recent weeks,…
Theron Mohamed
1 min read
The investor responsible for Warren Buffett's 25x gain on BYD just sold $320 million of the electric-vehicle maker's stock
Li Lu's Himalaya Capital Management sold around 11 million BYD shares in two days, slashing its sta…
Theron Mohamed
2 mins read
Charlie Munger's Daily Journal may have bought Alibaba stock because 'the Chinese Warren Buffett' recommended it
Warren Buffett's right-hand man probably heard from Li Lu, the fund manager who introduced Munger t…
Theron Mohamed
1 min read
The 'Chinese Warren Buffett' wrote a glowing tribute likening the late Charlie Munger to Buddha and Confucius
Charlie Munger once called hedge fund manager Li Lu the "Chinese Warren Buffett" after Li nearly qu…
Kwan Wei Kevin Tan
1 min read
US stocks drop as traders struggle to revive November rally despite lower bond yields
Stocks fell, though bond yields were also lower on Tuesday as investors continue to eye rate cuts o…
Filip De Mott
2 mins read
US stocks edge lower as market rally pauses after 5 straight weeks of gains
With corporate earnings in the rear-view mirror, investors set their attention to Friday's jobs rep…
Matthew Fox
2 mins read
US stocks dragged down by mega-cap tech giants while bitcoin jumps and gold hits record high
Gold hit a new record on Monday before retreating, while bitcoin jumped to its highest level since …
Matthew Fox
1 min read
Tech leads US stocks lower as Wall Street worries about path of interest rates
The Nasdaq was down more than 1% as traders assessed the outlook for rates. Jobless claims fell to …
Max Adams
2 mins read
Warren Buffett's Berkshire Hathaway has sold about $600 million of Chinese EV maker BYD's stock in under 2 months
Buffett's company has trimmed its stake in the automaker by 8% since mid-July, making a roughly 35-…
Theron Mohamed
2 mins read
SoftBank, Naspers, and Warren Buffett's Berkshire Hathaway are cutting their iconic bets on Chinese tech stocks
Berkshire has sold about $600 million of BYD stock, SoftBank is slashing its Alibaba stake by nearl…
Theron Mohamed
2 mins read
Charlie Munger personally backed an investor seeking to build the Berkshire Hathaway of Australia — even though he rarely trusts anyone except Warren Buffett to manage his money
Warren Buffett's business partner praised Stonehouse founder Charles Jennings' focus on fundamental…
Theron Mohamed
2 mins read
Charlie Munger's Daily Journal scored a 15x return on a stock — and used margin debt to invest $87 million last quarter
Warren Buffett's business partner likely sold $50 million of BYD shares, and borrowed $37 million, …
Theron Mohamed
3 mins read
10 things before the opening bell
Target and Walmart have different tactics for dealing with inflation, JPMorgan predicts a 2022 stoc…
Phil Rosen
7 mins read
Billionaire investor Charlie Munger blasts traders, slams crypto, and rings the inflation alarm at Daily Journal's annual meeting
Warren Buffett's business partner discussed rampant market speculation, investing in China, and sev…
Theron Mohamed
9 mins read
Warren Buffett's right-hand man blasted Robinhood, slammed SPACs, dismissed bitcoin, and warned against speculating at the Daily Journal annual meeting. Here are the highlights.
Charlie Munger bemoaned the frenzied gambling on stocks using trading apps, and cautioned it would …
Theron Mohamed
1 min read
Even The Pros Hate Everything About This Market And The Economy
Yesterday we pointed out that on the occasion of the Dow hitting 15,000, it was still clear that pe…