“I am so clever that sometimes I don't understand a single word of what I am saying.” — Oscar Wilde
Source: Philosophy Quotes
Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing. Watches of Switzerland Group Plc shares fell as much as 30%, wiping out almost £500 million ($629 million) in market capitalization. Rolex unveiled the surprise move to buy Bucherer late Thursday, prompting analysts to question what the deal means for Watches of Switzerland’s future relationship with the brand. Peel Hunt’s Jonathan Pritchard noted that Rolex accounts for half of the company’s sales, and cut his rating on the stock to hold from buy. Rolex executives assured the UK’s biggest retailer of the brand that it will continue to be allocated watches by the same distribution system, Watches of Switzerland Chief Executive Officer Brian Duffy said in an interview. Source: Bloomberg
Images of Powell arriving at Jackson Hole have just surfaced. $SPY
Source: TrendSpider
Warren Buffett's Berkshire Hathaway reported $1 trillion of assets for the first time last quarter
That's roughly triple the assets of Apple, 10 times Tesla's figure, and 20 times Nvidia's total. Berkshire's assets have ballooned 33,000-fold under Buffett, from under $30 million when he started. Source: business insider
Nice one by Netflix
Source: Daniel Abrahams
Investors learn the most by studying other investors' mistakes
Source: Brian Feroldi
"The real money in investment will be made not out of buying and selling but of owning and holding securities" - Charlie Munger
Source: Investment Books (Dhaval)
This is an old one but still actual
Cartoon humor
