Charlie Munger is an American businessman, investor, and vice chairman of Berkshire Hathaway, the multinational conglomerate headed by Warren Buffett. Munger is known for his sharp wit, wisdom, and his contributions to the field of value investing. If you have specific questions about Charlie Munger or his investment philosophy. Charlie Bunga Explanation It seems like "Charlie bunga" might be a phrase or name, but I'm not familiar with it. Can you provide more context or clarify? Charlie Munger is an American businessman, investor, and vice chairman of Berkshire Hathaway, the multinational conglomerate headed by Warren Buffett. Munger is known for his sharp wit, wisdom, and his contributions to the field of value investing. If you have specific questions about Charlie Munger or his invest
Diversifying investments is a strategy that involves spreading your investment capital across a variety of assets and asset classes to reduce risk. The core idea is not to put all your eggs in one basket. Here are the key aspects of diversification: Risk Reduction: Diversification helps to minimize the impact of poor performance in any single investment. If one asset or sector underperforms, other investments may offset those losses. Asset Classes: Diversification can occur across different asset classes, such as stocks, bonds, real estate, and cash equivalents. Each asset class carries its own risk and return profile. Geographical Diversification: Investing in various geographic regions or countries can mitigate risks associated with economic and political events in a specific location
We have seen how U.S. indexes have performed before and after FOMC meeting where Fed announced rate shall remain unchanged but one more rate hike this year. This has sent the market into RED as investors are concerned of higher and longer interest rates following Fed’s comments. S&P 500 On Friday (22 September 2023) U.S. stocks was having some early gains but it gave up in the afternoon session with S&P 500 falling 0.23% on Friday because of concerns about higher interest rates after Fed Chair hawkish comments. 22 September Biggest Gains With the final rules set by Biden administration for companies to receive federal funding from the CHIPS and Science Act, we can see semiconductor stocks like ON Semiconductor and $Broadcom(AVGO)$ advance
Not that I am counting but the US market has been tumbling for the 3rd day in a row. Main catalyst for market “negative” sentiments, remain largely FOMC’s July minutes of meeting. By the time market closed: (1) DJIA: -0.84% (-290.91 to 34,474.83). (2) S&P 500: -0.77% (-33.97 to 4,370.36). S&P 500 is down -2.7% over the past 3 trading sessions. This is its deepest three-session drop since mid-March. (3) Nasdaq: -1.17% (-157.70 to 13,316.93). Nasdaq's is down -3.4% over the past 3 trading session. This is its deepest three-day drop since February. It has fallen below June’s low support at 14,688. Further losses could see the 100-day SMA tested next. Composite Indexes - Technical Analysis (TA) Respective composite index has fallen below their 20-day ma. Respective composite in
The electric vehicle (EV) industry is undeniably one of the most promising sectors in today's market, with companies racing to secure their place in the future of transportation. Amidst this fervor, $VinFast Auto(VFS)$, a Vietnamese electric automaker, made a grand entrance onto the Nasdaq, sending shockwaves through the financial world. However, as the dust settles, concerns emerge about the company's rapid rise and the potential dangers that lie beneath. VinFast began trading on the Nasdaq Tuesday. VinFast's debut was nothing short of spectacular. The company surged an astounding 255% on a trading day, capturing attention and amassing a market capitalization that momentarily surpassed established giants like $
$Farfetch Ltd(FTCH)$ Revenue Miss and Profit Decline Lead to 36% Stock PlungeShares plunged 36% after Farfetch posted second-quarter revenue that missed estimates. The online luxury retailer posted revenue of $572 million, lower than the consensus estimate of $648.27 million.Q2 EPS of ($0.21), $0.07 better than the analyst estimate of ($0.28). Farfetch Limited sees FY2023 revenue of $2.5 billion, versus the consensus of $2.8B.Revenue: $572 million vs. $648.27 million.EPS: -$0.21 vs. -$0.28The gross profit for the quarter saw a significant drop of 10% compared to the previous year, totaling $242 million (£190 million). The gross profit margin also declined from 46.2% in the previous year to 42.5% during this quarter. This decrease was lar
The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu
I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond f