It has become a popular trend for billionaires to pledge (through The Giving Pledge) the majority of their wealth to charity. Why do billionaires want to give all their money away? Presumably it’s because they want to leave the world…
Kevin O’Leary warns that inflation is obliterating money stashed in bank accounts. The Shark Tank star issued some investment advice on how to protect your money from inflation. Inflation rates rose in April, the Consumer Price Index (CPI) jumped 8.3%…
Warren Buffett won’t be investing in bitcoin anytime soon. In fact, you could practically gift the legendary investor cryptocurrency and he wouldn’t want it. Buffett’s repudiation of bitcoin came during 2022’s Berkshire Hathaway annual shareholders meeting. “If you said for…
While 2021 has been difficult for many, the world’s richest people enjoyed extraordinary financial success. The top wealthiest people in the world – including Elon Musk, Jeff Bezos, and Warren Buffett – all have a net worth of $100 billion,…
The personal consumption expenditures price index – the Federal Reserve’s preferred measure of inflation – jumped to a 4.4% increase over last year (above the Fed’s preferred target of 2%), this is the fastest pace in 30 years. Federal Reserve…
Conventional financial advice states that people should diversify their investments to protect against risk. However, Warren Buffett famously proclaimed, “Diversification is protection against ignorance. It makes little sense if you know what you’re doing.” The Oracle of Omaha believes that…