Berkshire Hathaway CEO Warren Buffett reportedly proposed investing $3 billion in Uber Technologies earlier this year, but disagreements over terms took the deal off the table. This according to a recent article in Bloomberg. The proposed agreement, the article reports, offered terms similar to those presented to Goldman during the financial crisis– a convertible loan that would protect Buffett’s investment should Uber hit hard times, along with significant upside if the ride-hailing company continued to… Read More
In a couple of rare interviews, top stock-picker Joel Tillinghast recently said that he thinks markets have gotten “colossally artificial”, and that he’s finding more value opportunities overseas than in the US.
For those who still think stock markets are efficient, The New York Times today offered an interesting example of why they may want to reconsider.