In the fall of 2008, global markets were failing. Lehman Brothers, an investment bank with $600 billion in assets, filed for bankruptcy protection on Sept. 15 of that year, an inflection point in the economic slowdown that brought unemployment rates as high as 10%.
One of the wealthiest person in the planet, Warren Buffett, does not live an opulent lifestyle. His Omaha, Nebraska, home is worth $652,619—he bought it for $31,500 in 1958—and 99% of his wealth is channeled into philanthropic interests. He basically defined “smart spending” by not spending his fortune on unnecessary luxuries.
Facebook CEO, Mark Zuckerberg has overtaken famed investor, Warren Buffett as the world’s third-richest person, reports Bloomberg.
There’s an increasing interest in value investing these days, not only in Singapore but in markets elsewhere. However, because the term has become synonymous with Warren Buffett, this investing strategy appears daunting to many investors.
Warren Buffett who owns net asset of $88 billion (Forbes magazine, 17th March, 2018), is the third wealthiest person in the world, however, he was not exactly born with a silver spoon in his mouth. His father was a securities company broker, so he was in fact brought up in a background of privilege. However, this […]