Warren Buffett’s Secret Formula For Wealth Creation
Albert Einstein reportedly called it the 8th wonder of the world, and Warren Buffett used it to create massive wealth. Investors can utilize its power for themselves.
Berkshire Hathaway’s Second Quarter 2024 Portfolio Moves
Berkshire Hathaway’s $280 billion portfolio remained at 41 names, with two eliminated and two new stocks purchased. Warren Buffett’s stock sales sent cash levels soaring.
The growth scare and Japan led to rising stock volatility. Economic data and commentary from major retailers will be closely monitored for clues about economic health.
Crucial Conclusions From Berkshire Hathaway’s Second-Quarter Earnings
Insurance profits drove the improvement in Berkshire Hathaway’s earnings. Warren Buffett sold almost half of its massive stake in Apple, sending cash above $270 billion.
The weak jobs report triggered the Sahm Rule, which has an unblemished track record in predicting a recession. A September Fed rate cut now seems inevitable.