This week saw Warren Buffett's company Berkshire Hathaway hold their annual meeting in which he gives an update of how the company is doing and his general thoughts on the market.
One aspect that's been highlighted in the media relates to a bet he made in 2008. In that year Warren Buffett criticised hedge funds and other institutions for charging too much and not producing the investments returns to reflect their charges. So much so that he bet $1 million that a tracker fund (a fund that simply produces the average return of the stock market and is not actively managed) would produce a higher return over 10 years, than most hedge funds (where shares are actively managed by expert investment managers).
Reports show that he is still up with one year remaining on this bet!
This is a man who clearly doesn't need the money, he's doing it to prove a long-held view that expensive and complex Wall Street advice is often only there to serve their own interests and not their clients. Any money he makes is being donated to charity
In 2008 Warren Buffett made a $1m bet that tracker funds would beat active over 10yrs – wanna know how it's going? https://t.co/zEDjfaS2yj
London billionaire property investor brothers, Nick and Christian Candy have had a lot of their dirty washing aired in public recently, as a current court case reveals a number of allegations about them. This includes family in-fighting about their respective partners and links to Russian gangsters! While successful people may often appear to have the dream lifestyle, situations like this show that money really cannot buy happiness and peace of mind.
British billionaire inventor James Dyson has announced he will be investing £2.5 billion in building a second campus for his company in the UK and doubling his workforce. Mr Dyson was a strong campaigner in favour of Brexit and he is showing that he's putting his money where his mouth is by investing in the UK economy.
Dyson reveals huge UK expansion plan: open 210-hectare campus, invest £2.5billion, and double the workforce here. https://t.co/O7ZG3NL3V0
I am passionate about fulfilling my potential in life and helping others to do the same, so that we can all make a difference to society. I've learnt that fulfilment comes from pursuing a goal that is greater than my own ambitions and having a real purpose. I originally qualified as a Chartered Accountant but it was helping people through entrepreneurship and career development, rather than doing the numbers when I really came started to enjoy myself. I have found that we aren't taught as youngsters how to deal with challenging life situations and so there are many people that on the "outside" are fine, but "inside" really struggle.
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