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Family Wealth Watch

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Buffett Isn't Even Trying To Beat The Market Any More

(Marketwatch) Warren Buffett, one of the most successful stock pickers of all time, really wants you to stop picking stocks.

It’s counterintuitive, I know. But that’s what Buffett told the Financial Times in a recent interview.

This past week, thousands attended his annual shareholder’s meeting in downtown Omaha, Neb., popularly known as “Woodstock for capitalists.”

Asked whether he would recommend investing in the S&P 500 or his own company, Berkshire Hathaway, Buffett called it a draw.

The Three Most Dangerous Words On Wall Street

(Business Insider) The three most dangerous words on Wall Street keep popping up.

The 10-year yield has now traded below the 3-month yield for three weeks, flashing a long-watched historical sign that a recession is looming. On Tuesday, the spread fell to a low of -14.26 basis points, its most negative since August 2007. This is the first time an inversion has happened for such a long period since before the financial crisis.

Is This Market Too Hard For Anyone To Figure Out?

(Gulf Times) It took the better part of a decade for Americans to warm to a stock rally that has created $20tn in wealth. Could it take just one brutal quarter and a trade war to undo their trust?

For individuals who spent the first part of the year bailing from one of the best rallies ever, the answer has often seemed like yes. Bruised by a fourth-quarter rout and made dizzy by months like May, they’ve pulled $135bn from mutual funds and ETFs and sent most of the cash to fixed income.

Musk Loses $4.9 Billion in Tesla's Worst-Ever Start to a Year

(Bloomberg) Tesla shares have never had a worse start to a year than in 2019, and Elon Musk is paying the biggest price.

The stock has tumbled 43% this year through Thursday, lopping $4.9 billion from the value of Musk’s stake, as Wall Street has grown increasingly skeptical about consumer demand for the company’s electric vehicles. Musk, 47, is now ranked No. 46 on the Bloomberg Billionaires Index with a net worth of $19.7 billion, down from 29th at the start of the year.