Investing
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$75 billion investment chief: Now is exactly the right time to double down in the Gulf
This conflict feels personal. My father was an engineer who worked in Iran in the 1970s, and I spent part of my early childhood there. I was too young to remember much, but I recall the suddenness of leaving — finding a circuitous route back to India as the revolution took hold. Decades later, my
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‘An investment thesis is not a religion’: $44 billion CIO warns you need to figure out how you might lose money, not just make it
In an era of trillion-dollar bets on AI and whiplash-inducing market swings, Nicolas Giauque has a blunt message for investors who’ve grown too comfortable with their conviction: check yourself. “An investment thesis is not a religion,” said Giauque, the managing partner and chief investment officer of Farallon Capital Management, in a recent interview on Goldman
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The one metric Warren Buffett says can crash the stock market just hit a dizzying new high
In the December 10, 2001 issue of Fortune, Warren Buffett wrote a landmark 7-page article that introduced a crucial market metric that became renowned as the “Buffett Indicator.” The Great Man adapted the piece from a speech he’d given that July at the annual Allen & Co. bash in Sun Valley, privately delivered to the
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Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty
Does being an early adopter to AI protect a company in an AI-induced market panic? Apparently not, based on the experience of Intuit, best known for TurboTax and QuickBooks—and the worst performing stock in the S&P 500 as this year opened. It was a twist in fate for the software company: Intuit is a big
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Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources
Jeremy Grantham has been called many things. Permabear. Doom merchant. Cassandra with a British accent. For decades, the co-founder of the Boston-based asset manager GMO has warned that financial markets were inflated to dangerous, unsustainable heights—and he has made enemies for it. But ask him how he feels about all of it, and he sounds
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Mark Cuban admits he made a mistake letting go of the Mavericks: ‘I don’t regret selling. I regret who I sold to’
Mark Cuban built his nearly $10 billion fortune on bold bets. The former Shark Tank star and founder of Cost Plus Drugs bought the Dallas Mavericks in January 2000 for $285 million from H. Ross Perot Jr. and held onto the team for more than two decades. Cuban was largely involved with the team, and
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Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets
President Donald Trump again stepped back from the brink and traders are cashing in on what they called “TACO Tuesday.” After threatening that “a whole civilization will die tonight” early Tuesday, just two hours before his 8 p.m. deadline, Trump announced a two-week ceasefire on the condition that Iran reopen the Strait of Hormuz and
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Bill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett
Billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital, is planning to buy Universal Music Group (UMG), the world’s largest music group, which represents artists including Taylor Swift, Bad Bunny, Bob Dylan, and the Beatles. The $64 billion pitch announced Tuesday is Ackman’s latest move to turn Pershing into a “modern-day” Berkshire Hathaway and become
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The AI trade is over. Top Wall Street analysts say the AI opportunity might be just starting
The crash that was widely predicted just last summer hasn’t arrived yet. There was no single day when the AI stock market euphoria buckled, no Lehman moment, no front-page meltdown. Instead, over the better part of a year, Wall Street did something far more methodical—and far more telling: it slowly, deliberately, and almost silently wound
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A J.P. Morgan analyst sees 60% downside to Tesla stock—and he may be too optimistic
On Monday, J.P. Morgan analyst Ryan Brinkman issued a report on Tesla the likes of which Wall Street has seldom if ever seen. Brinkman asserting that at its current price of $361, the EV-maker is hugely overvalued. Based on where its fading financials will land by the end of this year, he says it’s worth