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Fuel costs are down and experience-based spending is holding up as baby boomers show taste for going to sea
...One of the “big five” academic publishers alongside Elsevier, SAGE, Springer Nature and Taylor & Francis, Wiley’s research publishing division reported revenues of $659mn in the nine months to January 31...
...This week the Italian car brand announced it will design yachts that can compete in international sailing competitions....
...Over a career spanning more than 70 years — most of which spent alongside the Sage of Omaha — Munger became famous for his sharp wit about investing and life delivered during Berkshire’s annual shareholders...
...The Sage of Omaha, Warren Buffett, sold off some of Berkshire Hathaway’s Chevron holdings in 2023 and some analysts have soured on the stock....
...But Sunak cannot expect it to be plain sailing in January when parliament returns....
Shares in Carnival, Royal Caribbean and Airbnb have surged as consumers keep spending
...Saturday UK: 2023 Cowes Week, the world’s largest and longest-running international sailing regatta, begins on the Isle of Wight....
...“No one pursues a career in Hollywood thinking that it’s going to be smooth sailing,” he says. “But if action isn’t taken now, it won’t be a difficult career, it will be an impossible career....
...When a sage like Buffett stakes his fortune, it is worth paying attention to the circumstances that would make his bet pay off. mark.vandevelde@ft.com...
...The past few years have taught us that it isn’t all plain sailing but the good news is that some people are learning how to take charge.”...
...Defying the Sage of Omaha, Lex still believes TSMC is a good long-term investment. Operating margins are an impressive 52 per cent, higher than those of peers....
...Phil Stutz is a sage, sweary and uncommonly direct shrink who has allowed one of his clients to broadcast his singular techniques for alleviating the “unavoidable pain and uncertainty” of life....
...Buffett’s legacy as an investing sage is indisputable, as is his humility and good humour. But for some reason, he is being intransigent on climate....
...That’s the big headwind we’ve been sailing into in the past 18 months.”...
...Carnival’s Costa Cruises, which used to have a strong Asia presence with a quarter of its fleet stationed in the region, has suspended sailings owing to uncertainties over a tourism rebound....
...“You need to be realistic that we’re not just going to go back to sailing boats,” he says, adding that Cargill’s first wind-powered ship will be a “trial”....
...The priciest work came courtesy of the collection of Thomas and Doris Ammann: Andy Warhol’s “Shot Sage Blue Marilyn” (1964), which sold for $170mn at Christie’s in May ($195mn with fees)....
...Forward-looking indicators, especially in container shipping, are looking pretty grim: orders are dropping and the number of “blank sailings”, where carriers cancel trips, is rising....
...The shifts in Berkshire’s portfolio are closely followed by investors as a gauge of where the “Sage of Omaha” sees value as well as his view on the health of the US economy....
...“Shot Sage Blue Marilyn”, made in 1964, was considered a trophy by collectors given its electrifying colours....
Sage of Omaha warns low interest rates have inflated valuations across financial markets
...Warhol’s “Shot Sage Blue Marilyn” silkscreen sold for $195mn at Christie’s this month, becoming the highest-priced 20th-century art work to be sold at auction....
...Despite its Silicon Valley headquarters, the Sage of Omaha’s latest target should be considered in that same genre....
...Additional reporting by Niyakarn Atiyudhakul A version of this article was first published by Nikkei Asia on December 2 2022. ©2022 Nikkei Inc. All rights reserved....
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