Successful investing, as Nobel laureate Paul Samuelson observed, is a patient, disciplined process akin to watching paint dry or grass grow. Modern markets’ constant stimulation can lead to emotional, detrimental decisions. True wealth creation stems from rationality, diversification, and allowing compounding to work quietly over time, rewarding those who remain invested through market cycles.Read More
Berkshire Hathaway has invested in The New York Times, marking a return to the media sector. This move comes after Warren Buffett sold Berkshire’s newspaper business in 2020. The company also adjusted its stakes in Apple and an online retailer. Greg Abel has succeeded Buffett as CEO.Read More
PacifiCorp, facing significant wildfire litigation costs in Oregon, is selling its Washington state wind, natural gas, and distribution assets to Portland General Electric for $1.9 billion. This strategic move aims to bolster PacifiCorp’s liquidity and simplify operations amidst ‘extraordinary pressure’ from legal battles and regulatory challenges. The deal, pending approvals, includes key generation facilities and thousands of miles of infrastructure.Read More
Indian banks are moving to fixed-price contracts for ATM management. This change replaces older transaction-based models. Banks seek cost stability and assured service quality. This shift aims for predictable expenses and better performance from vendors. Many new ATM and cash recycler contracts are being awarded under this fixed-fee structure. This ensures consistent service and improved customer convenience.Read More
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