According to a recent WSJ report, Microsoft founder Bill Gates is giving another $20 billion to the Bill & Melinda Gates Foundation endowment. Although it is named the Bill & Melinda Gates Foundation, basically half of its resources to date have come from gifts from Warren Buffett.
Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the Greater Fool Theory. The 66-year-old billionaire was referring to the notion that overvalued assets will keep rising because there are enough people willing to pay high prices for them. He joked that “expensive digital images of monkeys” would “improve the world immensely.”
amous tech investor Peter Thiel presented while speaking at a major cryptocurrency conference in Miami, a crypto hot spot. He wanted to expose anti-crypto investors, he said. Warren Buffett is top-ranked on this enemy list. Thiel referred to Buffet as a “sociopathic grandpa” for Buffett’s previous comments casting doubt on the value of crypto.
For a few days, the Ukraine war is a reality, and with it, the era of a new Cold War! The world's most famous investor, Warren Buffet, has warned against dumping stocks, hoarding cash, and buying gold or bitcoin in war times. He believes investing in businesses is the best way to build wealth over time. The Berkshire Hathaway CEO told CNBC in March 2014 that Russia's invasion of Ukraine at the time wouldn't spur him to sell any stocks.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York. Today, the new rich people predominantly made their fortune in the tech or fintech industry.
Meta Platforms, the parent company of Facebook, has lost more than half a trillion dollars in market value since its August 2021 peak. Half of that vaporized in a single day, the biggest drop ever in the global stock exchange history. Once the sixth-largest company in the world by market capitalization, Meta has fallen out of the top ten, replaced by two computer-chip makers, Warren Buffett’s Berkshire Hathaway and the Chinese e-commerce company Tencent.
Over the last two years, hedge fund manager Cathie Wood has been a superstar amid the tech stock and crypto hype. She was the face of the bull run. Her flagship Ark fund has shown an incredible performance thanks to her strategy to bet on high-growth, disruptive companies like Tesla. Ark Invest Innovation ETF (ARKK) smashed most of its competitors in 2020 and attracted billions of dollars from investors.