Author: iannouncethis.com
Diversification is widely considered an investing basic. Personal finance courses teach it as gospel, deriding individual stocks as tantamount to casino gambling. Billionaire investor Warren Buffett famously stated that “You know, we think diversification is—as practiced generally—makes very little sense for anyone that knows what they’re doing…it is a protection against ignorance.” In his view, studying one or two industries in great depth, learning their ins and outs, and using that knowledge to profit from those industries is more lucrative than spreading a portfolio across a broad array of sectors so that gains from certain sectors offset losses from others.…
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The Federal Trade Commission is set to file an antitrust lawsuit against Amazon.com Inc. AMZN, -0.62% in September after the two sides could not reach a settlement over antitrust claims, according to a Wall Street Journal report, citing people familiar with the matter. Members of Amazon’s legal team held a video call with FTC officials on Aug. 15 during a so-called last-rites meeting, but were unable to agree on concessions, the report said. Amazon declined comment on the report. Source link
Bitcoin, the world’s leading crypto, has been spared from a recent negative occurrence that gripped the digital currency market. Crypto outflows took a breather last week, providing a glimmer of hope for an industry grappling with prolonged negative sentiment. According to recent data, digital-asset investment products saw $11.2 million flow out of the market, marking the eighth consecutive week of outflows. However, the silver lining in this dark cloud was Bitcoin, which defied the trend and attracted $3.8 million in inflows following Grayscale’s legal victory against the US Securities and Exchange Commission. A Respite From Ongoing Crypto Outflows Despite this…
School could find issues with asbestos when fixing issues related to Reinforced autoclaved aerated concrete (RAAC). That’s according to John Wallace, managing director of construction and real estate law firm Ridgemont. He said: “The prevalence of asbestos in schools presents a significant complicating factor in remediating issues relating to RAAC. “The construction sector is used to dealing with the presence of asbestos in buildings, particularly those that were built around the same time as the proliferation of RAAC. “Legislation and industry practice ensures that processes are in place that enable asbestos to be removed, where necessary, in a calm, meticulous…
As China prepared to host the 2022 Winter Olympics in Feb. 2022, observers wondered how the country would fare financially compared to other Olympic hosts, especially considering Japan’s disastrous financial losses in 2021 (for the COVID-postponed 2020 summer games). For the 2020 games, Japan reportedly originally budgeted $7.4 billion, a number that quickly rose to $15.4 billion. The final cost came in at $13 billion against total revenues of $5.8 billion. The 2020 Tokyo Games is one of the most costly in history. China budgeted $3.9 billion for the cost of its Winter Olympics, yet estimates put the total cost…
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Alex McDougall, the CEO of Stablecorp, weighs in on all of this month’s digital asset developments, including the collapse of crypto-friendly banks Silvergate and Signature as well as the CFTC’s lawsuit against Binance. Chapters: 00:00 – CNBC Crypto World, March 30, 2023 0:27 – Bitcoin falls below $28K 1:06 – The headlines 4:13 – Alex McDougall of Stablecorp For access…
Key & keyhole with lightgetty Last Monday, we talked about the two biggest mistakes many investors make when buying high-yielding closed-end funds (CEFs). Today we’re taking the opposite tack and delving into three things to look for to pick the very best of these 7.5%+ payers for your portfolio. The upshot? If all three of these strengths are present, you likely have yourself a winner. But first things first—let’s talk a bit about what sets CEFs apart. These funds are different from ETFs and mutual funds in two key ways. CEFs have fixed share counts and generally can’t issue new…
Mount Gimie Range, St. Lucia. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Universal Images Group via Getty Images St. Lucia may only be 27 miles long and 14 miles wide, but it boasts one of the world’s fastest women — Julien Alfred, the female version of Jamaica’s Usain Bolt. The country of roughly 180,000 people is also proud of its two Nobel Prize winners for literature and economics. And while it may be the world’s top-rated honeymoon destination, St. Lucia is slipping off the global radar — a quiet victim of climate events that are wiping out its farm…
Of the many worries that whirl around the minds of chief executives, few are more unsettling than the question of succession. Having toiled their way to the top of the corporate ladder, many bosses struggle to imagine relinquishing control and placing their legacy in the hands of another.A growing number of America’s bosses have instead opted to defer the matter altogether. By the end of last year 101 S&P 500 CEOs had held the corner office for more than a decade, up from just 36 ten years earlier, according to figures from MyLogIQ, a data provider. Although some, like Warren…