Warren Buffett's hedge fund bet might be sending the wrong message

<i>Breakfast with Benjamin:</i> What's with the Oracle of Omaha's hedge fund bet? Plus: Friday's freaky jobs report preview, public pensions gained 16% last year, Twitter earnings raise concerns, and investing in income inequality.
FEB 07, 2014
  • Warren Buffett takes the lead in his 10-year performance bet with a hedge fund portfolio. But, to be fair, the Oracle of Omaha is riding a low-cost index while his opponent is actually hedging. There are four years left, so let's see where this stands in 12 months. 43.8% vs 12.5%
  • As we get closer to Friday's nerve-wracking jobs report, the analysis is already looking cryptic. Most puzzling to me, is why so much emphasis is placed on data that needs to be constantly revised. It's winter and it got cold
  • Public pensions cranked out another double-digit gain last year, providing more proof that diversification works. The fourth double-digit gain in five years
  • Twitter's first earnings report as a public company does not impress investors. Better-than-expected revenues don't offset soft user growth and timeline views. Shares still up 150% from November's IPO
  • If you're on board with the newly fashionable income-inequality campaign, here are seven restaurant stocks that might be worth a look. The average check per customer is around $65

Latest News

Private credit becoming 'big piece' of annuities, T. Rowe exec says
Private credit becoming 'big piece' of annuities, T. Rowe exec says

Goldman Sachs retirement survey finds 83% want guaranteed income, while the annuities providing that income increasingly hold private credit.

Zocks debuts Claude plugin with seven skills for financial advisors
Zocks debuts Claude plugin with seven skills for financial advisors

The AI meeting assistant's Advisor Intelligence plugin turns client conversation data into annual reviews, tax scans and attrition alerts.

Stifel settles massive $30 million complaint involving star broker’s sale of structured products
Stifel settles massive $30 million complaint involving star broker’s sale of structured products

Chuck Roberts and Stifel have been facing scrutiny due to sales of structured products and structured notes.

SEC floats CFP route to accredited investor status, fund rules refresh amid private market push
SEC floats CFP route to accredited investor status, fund rules refresh amid private market push

Among other updates, the proposals would let advisors to regulated funds earn performance fees and allow interval funds to offer monthly repurchases.

The Year Is 2046 and I’m a Financial Advisor 
The Year Is 2046 and I’m a Financial Advisor 

What will financial advice look like 20 years from now? Evan Vladem explores how AI may transform wealth management while reinforcing the enduring value of human guidance, trust, and empathy. 

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains