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...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
...This is something the UK regulator, the Financial Conduct Authority, is now looking at....
...most of his group’s value....
...Berkshire has warned that figure could double or triple....
...During the two deals, Dell and Silver Lake tangled with activist shareholders like Carl Icahn and resorted to heavy financial engineering....
...Asked earlier this year by the Financial Times about his imprint on the world, Munger replied: “I would like my legacy to be a more relentless determination to develop and use what I call an uncommon sense...
...“Berkshire can sustain financial surprises but we will not knowingly throw good money after bad,” Buffett wrote in his annual letter to shareholders last week....
...Munger’s death brings Berkshire and its hundreds of thousands of shareholders closer to an era in which an investment empire worth nearly $800bn is steered by a less familiar group of leaders....
...This has reassured investors that Berkshire can survive the loss of either man, but Munger’s absence will still be felt deeply within Berkshire....
...Ordinary investors cannot replicate Berkshire’s advantage of a cheap insurance float....
...Warren Buffett warned Berkshire Hathaway shareholders at the weekend that his sprawling $905bn conglomerate has virtually “no possibility of eye-popping performance” in the years ahead....
...The sales lifted Berkshire’s divestments of listed shares to nearly $40bn over the past year. Investors must wait a further two weeks before they can see how Buffett adjusted Berkshire’s portfolio....
Senior minister Benny Gantz’s White House visit lays bare growing tensions within Israel’s war cabinet
...The National Association of Realtors has reached a settlement in a series of lawsuits brought by home sellers claiming that the trade group conspired to inflate agents’ commissions, it said Friday, in an...
...But gaps between them have widened as all but one reported financial results over the past few weeks....
...I suspect this happened because Berkshire’s other options for excess capital grew less attractive and Berkshire’s just about stopped ever trading down to 1.2 times). Uber is not alone....
...JPMorgan has named Alex Bruce as head of Emea M&A for its financial sponsors group, and tapped Nitin Maheshwari as head of Asia-Pacific strategic investors group M&A....
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
...Munger was instrumental in turning Berkshire into a financial powerhouse, acting as the driving force behind some of its investments....
...Meanwhile, the group completely exited its investments in McKesson, the healthcare group, Marsh & McLennan, an insurer, and Vitese Energy....
...If your new behaviour gives you a little temporary unpopularity with your peer group . . . then to hell with them.”...
...The group, which has $90bn in market capitalisation, is turning into a financial superstore of private market investments that has expanded far beyond buyouts....
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite...
...The group estimated the rule would cost airlines $33bn over 10 years....
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