Diversify Risk, But Concentrate On Moats Contrary to Warren Buffet's tight image, Berkshire Hathaway's portfolio is rather aggressive, with 90% of its capital committed to 14 stocks. After parting with classic names like$Procter & Gamble(PG.US)$,$Wells Fargo & Co(WFC.US)$, and$IBM Corp(IBM.US)$, BRK began buying shares of$Apple(AAPL.US)$in 2016— seven years before Buffett purchased his first Iphone“11”. In 2020, BRK became a large shareholder of two oil s...
BREAKING: U.S. Banking System >>> FDIC warns that 63 Lenders are on the brink of insolvency due to banks sitting on $517 billion in unrealized losses This is $39 billion higher than the $478 billion recorded in Q4 2023. The surge was driven by higher residential mortgage-backed securities losses held by banks due to rising mortgage rates. Q1 2024 also marked the 10th consecutive quarter of unrealized losses, an even longer streak than d...