Image source: Getty Images Warren Buffett delivered his last annual letter as CEO to Berkshire Hathaway (NYSE: BRK.B) shareholders earlier this week. “As the British would say, I’m ‘going quiet‘,” he wrote. Buffett may be going quietly, but his tremendous investing record will go on speaking for itself. Between 1965 and 2024, Berkshire’s compound annual return was near-20%. Put another way, every $1,000 invested back then would be worth more than $32m today! There are no shortage of lessons to take away from the Oracle of Omaha’s letters. Not just around business and investing, but on parenthood, friendship, psychology, ageing,…
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Image source: Getty Images The Diageo (LSE: DGE) share price can’t shake its almighty hangover, having fallen more than 20% over the past year and almost 50% in three years. The trouble began with a profit warning in November 2023, after sales slumped in Latin America and the Caribbean. Cash-strapped local drinkers switched to cheaper domestic brands, while stock issues made matters worse. Big FTSE 100 faller Many thought that was a local matter, including me. I bought the shares at a reduced price a couple of weeks later, but there was more trouble to come. Diageo boasts some of…
As regulators move to open private markets to a wider investor base, the question is not whether retail access should be allowed, but whether the structure of these markets can support it. Illiquidity, opaque performance reporting, and misaligned incentives between fund managers and investors already challenge institutional participants. With fee structures built for scale and governance mechanisms that provide limited accountability, extending the model to smaller investors risks amplifying those weaknesses rather than democratizing opportunity. New legislation seeks to grant retail investors universal access to private capital. In August, the Trump Administration issued an executive order entitled “Democratizing Access to…
Image source: Getty Images I love it when a plan comes together, and that’s now happening with a FTSE 100 dividend share I bought in March 2024. The stock in question is pharmaceutical giant GSK (LSE: GSK), which looked good value when I bought it, with a price‑to‑earnings (P/E) ratio of around 8. That was beaten down by years of underwhelming performance. The GSK share price continued to slide after I bought it. The first reason was the US class action over its heartburn drug Zantac. No sooner was that settled with a $2.2bn payoff than US tariffs on pharmaceuticals threatened.…
Image source: Getty Images After releasing half-year results on November 11, Vodafone (LSE: VOD) shares rose to a 52-week high. The share price is up around 50% from levels in April. Performance was strong, revenue was increasing and profit and cash flow came in at the upper end of guidance. And the firm upped its dividend for the first time in years. With good news on all fronts, investors might wonder where the 94p share price will go from here. It is, remember, trading at a massive discount if we compare it to a previous high of over £5. Could…
Image source: The Motley Fool Warren Buffett just released his annual Thanksgiving letter. Given that he’ll be stepping down as CEO of Berkshire Hathaway at the end of the year, he’ll no longer write the firm’s iconic annual letter to shareholders. Therefore, his Thanksgiving letter will become his final source of investing wisdom going forward. Here are a couple of smart pieces of advice I got from reading between the lines. Keeping the vision A good point Buffett made was relating to market volatility. He said that “our stock price will move capriciously, occasionally falling 50% or so as has…
Image source: Getty Images I’ve had a lot of fun with my 3i Group (LSE: III) shares but I’m not enjoying myself today. I went big on the FTSE 100-listed private equity and infrastructure specialist in 2023, and it paid off. The shares rapidly rose in value making it one of the best performers in my Self-Invested Personal Pension (SIPP). Today (13 November) I’m not so happy as 3i shares have dropped 15% so far after the board released half-year numbers. I’m now looking at a four-digit one-day paper loss, the biggest ever in my SIPP. I’m not moaning as these…
Image source: Getty Images By 9am today (13 November), the Burberry Group (LSE:BRBY) share price was 4% higher. This follows the release of the luxury fashion brand’s results for the 26 weeks ended 27 September (H1 26). In normal times, I don’t think the market would have reacted as it did today. After all, its comparable stores sales were flat during H1 26 compared to the 26 weeks ended 28 September 2024 (H1 25). However, these things are relative. This time last year, it reported a 20% reduction. But delve a little deeper and there appears to be some more…
The Burberry (LSE: BRBY) share price has surged 80% in the past year, yet it remains around half its value from a few years ago. With the Burberry Forward strategy starting to deliver, investors may be asking: is it time to jump on the train? H1 results The luxury fashion company’s share price is up 4% in early trading today (13 November) following the release of its H1 results. It swung to an adjusted operating profit of £19m, up from a loss of £41m in the same period last year, showing early signs that the turnaround plan is starting to…
Image source: Getty Images The BAE Systems (LSE: BA) share price has put in a strong performance lately, rising 30% in the last year and 278% over five. Yet that pales alongside the rocket-fuelled returns from two other FTSE 100 defence contractors. Babcock International Group (LSE: BAB) shares are up a stunning 134% over one year and 334% over five. And that’s overshadowed by Rolls-Royce Holdings (LSE: RR.). It’s climbed 101% in a year and an astonishing 1,071% over five. All three have been lifted by the same factor. The West has been reminded that we can’t take peace for…