Wizards

In a 1998 Berkshire Hathaway shareholder meeting, renowned investor, Charlie Munger, unveiled his three-step strategy for wealth accumulation starting from scratch. What Happened: Munger discussed the challenge of building wealth from ground zero. He underscored that rationality,...

Billionaire investor Ray Dalio underscored the significance of diversification in achieving investment success. Dalio, former CEO of Bridgewater Associates, has shared his investment insights, highlighting diversification. “Diversifying well is the most important thing you need...

Both Michael Burry, the famed investor behind "The Big Short," and Estee Lauder Companies, Inc. (NYSE:EL) have strategically reduced their exposure to China – and Burry doubled his bet on the global beauty giant.  Burry Shorts China, Buys EL  According to its most recent SEC filing, Burry...

Billionaire investor Ray Dalio has voiced his apprehension regarding the mounting U.S. debt, comparing it to an imminent “financial heart attack.” What Happened: Dalio, the founder of Bridgewater Associates, cautioned about the unmanageable deficits at a recent New York event. He...

Personal finance advisor and investment guru Dave Ramsey has suggested a unique strategy for Americans grappling with the challenge of saving for a home down payment amidst escalating inflation and living costs. What Happened: Ramsey has proposed that prospective homebuyers could temporarily halt...

Estée Lauder Companies, Inc. (NYSE:EL) stock has climbed steadily over the past three months and jumped more than 10% on Monday following the death of Leonard Lauder, a longtime executive and son of founder Estée Lauder.  Estée Lauder is Michael Burry's only current long position. Here's what...

Billionaire investor Ray Dalio has shed light on his perspective on meme stock trading. Dalio emphasized the importance of market pricing, a factor he believes is often overlooked by investors. What Happened: In a post on X, Dalio observed that investors tend to get swept up in the...

Renowned investor Michael Burry recently liquidated his long positions in Chinese tech stocks—a move echoed by Apollo Global's top economist, who shares his bearish outlook on China's economy. What To Know: On Wednesday, Apollo Global's chief economist Torsten Slok shared three reasons why he sees...

ChargePoint Holdings Inc (NYSE:CHPT) is about to plug into the earnings grid, and Wall Street's biggest brains are already circling the EV charging play. The company reports first quarter results after the bell Wednesday, with expectations for a loss of 5 cents per share on $108.07 million in...

Billionaires Ken Griffin, Steve Cohen, and Izzy Englander are used to setting the pace on Wall Street. But in May, their flagship hedge funds were quietly outclassed — not by each other, but by a scrappy group of lesser-known rivals who are suddenly the ones posting scoreboard-worthy returns. The...

New ETF filings from VistaShares reveal plans to launch funds that track the top trades of Bill Ackman and Michael Burry, expanding on the firm’s existing ETFs tied to Warren Buffett‘s investments. What Happened: VistaShares may not be a household name for ETFs yet, but that could soon...

Renowned billionaire investor Charlie Munger once shared his six rules for a happy life. What Happened: Munger, despite facing significant personal and financial challenges early in his life, managed to transform his circumstances and achieve extraordinary success. His six rules for a...

Renowned investor Peter Lynch once emphasized the necessity for the American public to increase their savings, citing the lack of incentives in the current system to encourage this behavior. What Happened: Lynch underscored the need for a higher savings rate among the U.S. public. He argued that...

Billionaire investor and entrepreneur, Mark Cuban, has recommended teenagers explore artificial intelligence (AI) as a potential side hustle that could prove to be highly profitable. What Happened: Cuban stated that if he were a teenager today, he would consider starting an AI side hustle...