Larry Swedroe, considered one of the most respected market researchers, believes that Warren Buffett's investing style just doesn't work so well anymore.He cites the number of professional Wall Street firms and hedge funds now participating in the market.”Warren Buffett was generally considered the greatest stock picker of all time. And what we've learned in academic research is that Warren Buffett wasn't really a great stock picker at all,” Swedro told CNBC's “ETF Edge” this week. “What is Warren Buffett’s ‘secret sauce?’ He discovered 50 or 60 years before all the academics what these factors are that allow you to earn…
Author: ricardofrancois
Good morning, and welcome to the Essential California newsletter. It's Saturday, April 13th. Here's what you need to know to start your weekend: the news You're reading the Essential California newsletter Our reporters walk you through the day's top news, features and recommendations. Enter your email address Involve me You may occasionally receive promotional content from the Los Angeles Times. 50 Books to Understand Hollywood What is Hollywood? an idea? place? Between them?What if it was a spicy cocktail? It exudes one whiff of magic accompanied by a huge splash of disappointment, a shot of romance, an ounce of heartbreak,…
Stay informed with free updatesSimply subscribe to myFT Digest, the Middle East's politics and society magazine – delivered straight to your inbox.The Iranian Revolutionary Guard has seized an Israeli-owned container ship in the latest escalation of hostilities between the Islamic Republic and Israel. The seizure of the ship comes as Tehran vowed to respond to a possible Israeli air strike on the Iranian consulate building in Damascus this month that killed seven guard members, including two senior commanders. A video posted online showed two people sliding from a helicopter down ropes onto the deck of the 366-metre-long MSC Aries container…
Advertising units for rent are displayed outside a Manhattan building on April 11, 2024 in New York City.Spencer Platt | Getty ImagesEarly data points to the path of inflation through the first three months of 2024, and the news so far is not good.Choose thickness. Whether it's log prices or wholesale input costs, while inflation is far from the blistering pace of 2022, it doesn't look like it's going away anytime soon. Also, future expectations were trending higher.Investors, consumers, policymakers — and even economists — have been surprised by how stubborn price pressures are heading into 2024. Stocks fell on…
Westfield Bondi Junction Shopping Center in Sydney, Australia.Sydney Morning Herald | Fairfax Media | Getty ImagesAn attacker who stabbed five people to death in a Sydney mall was shot dead by police in the Sydney coastal suburb of Bondi on Saturday, while hundreds fled the scene, police said. Police said the attacker was shot by a police officer after he clashed with nine people at the busy Westfield Bondi Junction shopping centre. “You discharged a firearm and this individual has now died. I have learned that there are five victims who have now died as a result of this offender's…
Customers admiring the Tesla Model 3 electric car at the Tesla store in Honolulu, Hawaii Alex Tai | SOPA Photos | Rocket Lite | Getty ImagesAmerican consumers have been transitioning to all-electric vehicles more slowly than many expected — but Hawaii is a growing leader in electric vehicle adoption.This year, the tropical island nation ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold during February, according to JD Power.Hawaii also ranks third — behind only California (46.1) and Washington (37) — in J.D. Power's “EV Adoption Score,” which is weighted based on market, consumer preference and…
Colonel-General Oleksandr Sersky, Supreme Commander of the Armed Forces of Ukraine.Valentin Ogirenko | ReutersThe Ukrainian army commander warned Saturday that the situation on the battlefield in the east of the country, which remains the center of Ukraine's heaviest fighting, has deteriorated sharply.“The situation on the Eastern Front has deteriorated significantly in recent days,” Oleksandr Sirsky, the Supreme Commander of the Ukrainian Armed Forces, said on Telegram.He added in statements translated by NBC News, “This is primarily due to the significant intensification of the enemy's offensive actions following the presidential elections in the Russian Federation.”Warm, dry weather facilitated attacks by Russian…
In the multimillion-dollar proxy clash between Disney and activists led by Nelson Peltz, the biggest battle has been over the process of finding a successor to Bob Iger, the CEO who has run the entertainment empire for most of the past 18 years. Iger defeated Peltz definitively earlier this month. But with the proxy battle over, the question of who will take over as his successor has risen to the top of investors' agendas.While activists have been pouring scorn on Disney's succession plans, board members said last month that they were reviewing “internal and external candidates with the assistance of…
Stay informed with free updatesSimply sign up for the myFT Climate Change Digest – delivered straight to your inbox.The world leader in setting corporate climate targets has backed down after an employee revolt over its support for controversial carbon credits as a way to tackle greenhouse gas emissions. The Science Based Targets Initiative issued a statement on Friday saying there was “no change” to its standards, after saying three days earlier that companies would be able to use carbon offsets to meet their climate goals.The decision to allow offsets was supported by SBTi's funder, the Bezos Earth Fund, a big…
Oh Goofy, what have you done now? Katrina Amiens Redfern Griffin was bent over, tying her daughter's shoes during a trip to Disneyland in April 2022, when a park employee dressed as Goofy — the malicious but lovable cartoon dog — attacked her head on, according to her lawsuit she filed in Orange County. supreme court. She then claims he fell on her with all his weight, pushing her onto the “hard cement floor.”She said Griffin suffered “serious, traumatic, debilitating and permanent” physical injuries from the collision, along with emotional pain and suffering.Now, Griffin is suing Disneyland, the unnamed employee…