It was another bloody week in the stock market (S&P 500 index dropped -3.1%), and any half-glass full data was interpreted as half-empty. The week was epitomized by a Citigroup report entitled “ 793 more words
Tags » Warren Buffett
“Wide diversification is only required when investors do not understand what they are doing.” – this quote is attributed to legendary investor Warren Buffett.
However, it is important to understand that Warren Buffett knows what he knows as well as what he does not know. 103 more words
Berkshire Hathaway , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner’s profit margins narrowed. 226 more words