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The legendary value investor and Berkshire Hathaway chairman Warren Buffett has an unmatched track record of market-beating returns for more than half a century. The 90 year’s old billionaire, who held $279 billion in stocks says, The stock market is a device for transferring money from the impatient to the patient.
He adds further that investing is very simple.
“You don’t need to be a rocket scientist. Investing is not a game where the guy with a 160 IQ always beats the guy with a 130 IQ. Rationality is essential. You need a stable personality”
He used a basic value investing strategy to generate a 20.0% average annual return since Berkshire’s inception in 1965, almost double compared to the S&P 500 returns of 10.2%.
Coinbase Global (NASDAQ:COIN) is undisputedly the hottest IPO since
Snowflake Inc (NYSE:SNOW) and the timing of its debut on the NASDAQ could not be better. Bitcoin recorded all-time highs today, and digital assets such as NFTs have been in the spotlight for the past month, with even the New York Stock Exchange announcing that it will be releasing a series of NFTs to commemorate the first trades of popular recent IPOs.
Coinbase makes money on fees and commissions paid by customers when they buy and sell Bitcoin and other cryptocurrencies through their wallets hosted by Coinbase – typically in the range of 0.5% per transaction. It ranks as the second largest crypto trading platform in terms of crypto trading volume, following behind Binance
Grab s CEO Anthony Tan. - Reuters file
HONG KONG (Bloomberg): A few years after launching Grab Holdings Inc. in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding Ltd. told the entrepreneur that life is a tsunami. When you’re up on the wave, get ready for the crash, he said.
In 2020, that all came to pass. The coronavirus sent cities across Southeast Asia into lockdown. Demand for ride-hailing, a key business, plunged. Then around December, its big plan to merge with arch rival Gojek collapsed.
Tan wasn’t ready to give up on going public. Early this year, a connection introduced him to the Silicon Valley investor Brad Gerstner, the founder of Altimeter Capital Management. The two men, though from opposite sides of the world, had a lot in common. Both were Harvard Business School alumni, and both had eschewed easier paths in life to set up their own firms.
NYSE Announces First Trade NFTs to Memorialize Listing of Six Companies
6 hours ago by Bhushan Akolkar · 2 min read
Photo: Shutterstock
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The new NYSE NFTs are available for sale on Crypto.com and represent the first trade of different public listed companies on the exchange.
On Monday, April 12, one of the world’s largest stock exchanges – The New York Stock Exchange (NYSE) – announced the launch of its non-fungible tokens (NFTs). Dubbed as “First-Trade” NFTs, they memorialize the first trade of six publicly listed companies on the exchange.
One of the NYSE’s NFTs represents the first trade of Spotify Technology SA (NYSE: SPOT) which was a direct listing on the exchange. Others include Roblox Corp (NYSE: RBLX), Unity Software Inc (NYSE: U), Snowflake Inc (NYSE: SNOW), DoorDash Inc (NYSE: DASH), and Coupang Inc (NYSE: CPNG).
Chris Horwood
Sir John Templeton once said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” He was describing the mismatch that often arises between human emotions and investment fundamentals. Since many investors overreact to both good and bad news, this can potentially create enormous opportunities for those who hold a different perspective.
Last March when a global pandemic was first declared turned out to be a fantastic time to invest precisely because the world was so scary and uncertain. Indeed, while there was much to worry about, the degree of pessimism was so extreme that it set the stage for attractive returns as the fundamentals for many businesses turned out to be much better or less bad, depending on your perspective than many had feared.