Charlie Munger

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Mergers and acquisitions is a very risky business and the Thomas Cook debacle was not an isolated one. Photograph: Michael Probst/AP Photo

The recent collapse of Thomas Cook, undone by a huge debt pile dating back to a disastrous 2007 merger with MyTravel, is a reminder of an indisputable(...)

Warren Buffett, chief executive of Berkshire Hathaway, has always argued buybacks make sense if a company is trading below its ‘intrinsic value’. Photograph: Rick Wilking/Reuters

US companies, flush with cash following Donald Trump’s corporate tax cuts, spent a record $930 billion on stock buybacks last year: a similar outlay i(...)

George Soros is among more than a dozen prominent US billionaires are calling for a new government tax on extreme wealth to help combat income inequality. Photograph:  Fabrice Coffrini / AFP/Getty Images

More than a dozen prominent US billionaires are calling for a new government tax on extreme wealth to help combat income inequality, provide funding f(...)

Berkshire Hathaway chief Warren Buffett ahead of the company’s annual meeting in Omaha, Nebraska on Saturday. Photographer: Houston Cofield/Bloomberg

Warren Buffett underlined his commitment to buy back shares of Berkshire Hathaway to the tens of thousands of shareholders at the company’s annual mee(...)

Berkshire Hathaway chief executive Warren Buffett. Photograph: Alex Wong/Getty Images

Warren Buffett’s Berkshire Hathaway will struggle to clinch a big acquisition this year, the doyen of the investing world lamented in his annual lette(...)

Charlie Munger addressing the Daily Journal annual meeting: “I’m about to die and you aren’t. You don’t want to trade your position for mine.” Photograph: Reuters

There cannot be many nonagenarians who spend their time worrying about cryptocurrencies. But Charlie Munger, the 94-year-old billionaire investor, is(...)

Investors have fallen under bitcoin’s spell. Photograph: Jim Urquhart/Reuters

2017 has been the year of bitcoin. In a normal year, stock market gains of 20 per cent would generate lots of excitement, but not in 2017. Instead, bi(...)

Liverpool fans hold up a banner with Labour Party leader Jeremy Corbyn before the game against Southampton. Photograph:  Phil Noble/Reuters

Tradition has it that Liverpool FC stands for socialism, even while many of the legends who bestrode the Anfield turf quietly voted Tory because they (...)

Berkshire Hathaway shareholders watch the company’s annual meeting, at which Buffett and Munger rued several of the tech investments they never made. Photograph: Rick Wilking/Reuters

It was with his traditional glib mannerism that Charlie Munger – Berkshire Hathaway vice-chairman and Warren Buffett’s right-hand man – hurled a caval(...)

Warren Buffett (85)  Charlie Munger (92) fielded five hours of questions on such matters as Coca-Cola’s sugary drinks, lower shipping volumes on the BNSF railroad, risks from derivatives, and who might succeed Buffett as chief executive.

Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire i(...)

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