Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus. By the end of the year, he is preparing to give…
Browsing: Investing
Share prices of Hertz surged 56% after billionaire investor Bill Ackman’s firm disclosed a stake in the car rental company. Pershing Square Capital Management said in a regulatory filing on Wednesday that it had acquired 12.7 million shares valued at $46.5 million. Pershing Square…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may…
James “Jim” Simons, a renowned mathematician who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, died May 10 at his home in Manhattan. He was 86. The charitable foundation that Dr. Simons co-founded…
Charles T. Munger, who quit a well-established law career to be Warren E. Buffett’s partner and maxim-spouting alter-ego as they transformed a struggling New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died on Tuesday in Santa…
