2023 Charlie Munger Daily Journal Annual Meeting
9 months ago
TLDR: Charlie Munger, during the Daily Journal Shareholders Meeting, talked about his investment strategies and criticized Jack Ma, while expressing disagreement with President Biden's policy on stock buybacks but approving Berkshire's own strategy. In other interviews, Munger shared insights on co…
2022 Charlie Munger Daily Journal Annual Meeting TLDR
9 months ago
Charlie Munger, Vice Chairman of Berkshire Hathaway, expressed confidence in the company's investments in Chinese firms and warned of potential excesses in the stock market, cautioning against the speculative element. He dismissed cryptocurrencies as a "venereal disease" and highlighted the need fo…
Meta Q4 2022 earnings call TLDR
9 months ago
During Meta's fourth quarter and full-year 2022 earnings call, CEO Mark Zuckerberg outlined the company's priorities, including AI, ads, business messaging, and the metaverse. The Year of Efficiency is Zuckerberg's management theme for 2023, focused on executing these priorities, building better pr…
Amazon Q4 earnings call TLDR
9 months ago
Amazon.com reported worldwide net sales of $149.2 billion, a YoY increase of 12%, excluding forex impacts, during its Q4 2022 Financial Results Teleconference. The company also reported a net income of $278 million, including a pretax valuation loss of $2.3 billion from its common stock investment …
Netherlands to restrict some chip tech exports
9 months ago
TLDR: The Dutch government has followed the US in placing restrictions on exports of the country’s “most advanced” microchip technology to safeguard national security. Dutch chip equipment manufacturer ASML is a key supplier to the global microchip market, and the restrictions have prompted a forma…
Adidas Kanye West's Yeezy shoes 'collectors' items
9 months ago
TLDR: US shoppers are buying Kanye West's Yeezy shoes as collector's items since Adidas ended its partnership with the rapper over anti-Semitic comments he made last year. The US-based shoe chain Impossible Kicks has reported a 30% boost in sales since the two split last October. The retailer has s…
BMW set to make more electric Minis in Oxford
9 months ago
TLDR: BMW is set to invest up to £600m in its Mini factory in Cowley near Oxford to prepare the plant for the production of electric models. The British government has offered £75m to BMW to support the project. The first electric Mini was launched in 2019, but most of the electric vehicles were pl…
Tesco to charge suppliers extra to sell online
9 months ago
TLDR: Tesco will charge suppliers an additional fee for selling their products online, according to an email seen by the BBC. The supermarket said the fee was necessary to cover the increased costs of increased sales online. Although Tesco did not specify the amount of its proposed fees, suppliers …
US bank taken over in biggest failure since 2008
9 months ago
TLDR: Silicon Valley Bank, a key tech lender, has been shut down by US regulators, who have taken control of its customer deposits. The bank had been struggling to raise funds to plug a loss caused by the sale of assets affected by higher interest rates, prompting a rush of customer withdrawals and…
