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...Ron Olson, a Berkshire board director and one of the group’s main lawyers from Los Angeles-based firm Munger Tolles & Olson, said that Abel’s handling of the Pilot lawsuit, which they worked on closely together...
...US stocks on Wednesday notched a four-day losing streak for the first time since the start of 2024. Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst-performing sector....
...US stocks on Wednesday notched a four-day losing streak for the first time since the start of the year. Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst performing sector....
...In the years when Buffett outperformed, it had a market cap of $100bn or less, and represented a smaller fraction of the S&P. Now it is $900bn and about 2 per cent of the index....
...But Abel won’t be “handcuffed” by the board, director Ron Olson said before the AGM. “Both Warren and Charlie were very clear on this,” a current Berkshire employee told DD’s Platt....
...JB Hunt, which is a big old capital-intensive diesel-burning trucking company that owns its own trucks, earned 11 per cent (and that was its worst year in more than two decades; trucking is in a slump)....
...Yesterday in this space I wrote about Berkshire’s last two decades of share performance, which have mirrored the S&P 500....
...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...According to data from S&P Global, technology groups dominate the list of the 50 companies with a market value of more than $10bn that made the biggest percentage gains in 2020....
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...S&P Global’s latest ESG score for Philip Morris International, whose cigarettes continue to cause ill health and death around the world, is 85 out of 100....
...It estimated that revenue for the three months to June would be in the range of $240mn-$255mn, also above expectations, according to data from S&P Capital IQ....
...The S&P 493, up 22 per cent, has had a hell of a solid run, too. It is true that the Mag 7 have contributed a huge chunk of value created in this rally....
...The rest of the eurozone “saw the best performance . . . despite growth slowing slightly”, S&P said....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...We found the combined portfolio of the two men had generated a total return of 113 per cent over the past decade, below the 165 per cent gain Buffett registered and the 211 per cent advance by the S&P 500...
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...A fierce year-end rally that began at the end of October has given way to a wheezing sideways market in January, during which two-thirds of the S&P has had negative price returns and the gains, such as they...
...That trails a 165 per cent gain by Buffett over the same period and a 211 per cent total return by the S&P....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...This matched a wider trend in which S&P 500 spending on buybacks fell 14 per cent on the previous year....
...There’s still a very narrow market leadership on full display.” The S&P 500 is up 4 per cent year to date....
...In a hearing last Wednesday, Yellow’s lawyer from Kirkland & Ellis, Patrick Nash, said the trucking group had fought against the inclusion of the $500mn loan roll-up provision....
...A trained lawyer whose name still sits atop Los Angeles law firm Munger, Tolles & Olson, he met Buffett in 1959....
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