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This article originally appeared HERE. Prem Watsa and Warren Buffett have many things in common. Watsa runs global insurance conglomerate Fairfax Financial Holdings and Buffett oversees the famed insurance holding company Berkshire Hathaway. Both financiers also invest their companies’ “float,” or money an insurer has collected but not paid out in premiums yet. Warren Buffett, one of the
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For many investors, Oracle Corporation (NYSE:ORCL) is an aging institution in a rapidly evolving technology sector. While no one questions their technical and business acumen, ORCL stock appears increasingly irrelevant. This is especially the case due to new-guard competitors, such as salesforce.com, inc. (NASDAQ:CRM) and Amazon.com, Inc. (NASDAQ:AMZN), dominating the cloud. But I felt that,
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Andrés Manuel López Obrador, the winner of Mexico’s presidential election, is already a superstar in Latin America. Mexico’s stock market rocketed on his win despite rumors that he is some sort of socialist, antimarket left winger. Photographer: Cesar Rodriguez/Bloomberg. Andrés Manuel López Obrador won the Mexican presidency on Sunday and the market has been rising ever
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Shutterstock Outperforming firm Primecap Management said Thursday that it increased its position in Pros Holdings Inc. by 55.07% on June 30. In the transaction, Primecap purchased 678,491 shares of the company, boosting its holding to 1,910,491 shares. The amount makes Primecap a 5.96% stakeholder in Pros Holdings. Primecap has been buying the stock as the
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Despite the improvement in domestic economy, higher interest rates, tax cuts and the growing optimism regarding lesser regulations, the performance of bank stocks during the first half of 2018 has not been as impressive as expected. Source: Shutterstock Though the first-half performance of banks can be assessed only after the release of second-quarter 2018 results,
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Michael Nagle/Bloomberg At the year’s midpoint, many investors are getting nervous, what with talk of trade wars and the like. The sage Lewis Walker, a financial planning and investment strategist at Capital Insight Group in Peachtree Corners, Ga., looks at the various dynamics at work on the stock market. One conclusion: Don’t believe market predictions: Larry Light: Market
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