Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.”
The famed investor and Berkshire Hathaway CEO also touched on railroads, his annual shareholder letters, his retirement plans, and his company’s future in the interview with the co-executive chairman of The Carlyle Group.
Scroll down to read Buffett’s 10 best quotes from the discussion.
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Warren Buffett gave investing advice to investigative journalist
Two modestly size office buildings that sit on a north San Jose lot that’s big enough to be redeveloped have been bought by a Southern California investor.
In a rare occurrence for Silicon Valley office buildings, the sellers sold the property for less than what they paid for it, Santa Clara County public records show.
An affiliate of JW Capital Inc., which is headed by San Diego-based investor John Wang, bought the two north San Jose buildings in a cash deal, according to property documents filed on Oct. 2.
The two buildings are located at 1110 and 1120 Ringwood Ct. in San Jose and together they total about 79,000 square feet, according to a brochure prepared by CBRE, a commercial real estate firm that has been working to find tenants for the office buildings.
JW Capital paid $10.6 million for the two buildings, county documents show. The buildings make up
September has been a rough month for stocks in general and technology stocks in particular. The Nasdaq composite index, which is largely made up of technology stocks, has crashed into correction territory and is currently about 17% below its August highs.
Yet the digital revolution is very real, with the pandemic only accelerating big tech trends around cloud computing, AI, and 5G that will shape the next decade. As such, the recent pullback could be an opportunity for long-term investors to buy the best-positioned tech stocks for these multiple growth industries.
In September, two all-star tech stocks that play big parts in that tech revolution got hit particularly hard due to fears over China. However, I think these specific concerns seem widely overblown, so I flipped over the couch cushions to buy up as much of these two stocks as I could.
Semiconductor equipment manufacturers have wide economic moats. Image
It wasn’t just PS5 preorders last week that were a disaster, Nvidia’s release of its new RTX 3080 graphics card was also not great, again thanks to the actions of resellers using bots. With fans being pretty damn upset they missed out, Nvidia has apologised and promised to do better as the new cards continue to roll out.
In a short statement posted on the company’s forums, an Nvidia rep says:
This morning we saw unprecedented demand for the GeForce RTX 3080 at global retailers, including the NVIDIA online store. At 6 a.m. pacific we attempted to push the NVIDIA store live. Despite preparation, the NVIDIA store was inundated with traffic and encountered an error. We were able to resolve the issues and sales began registering normally.
To stop bots and scalpers on the NVIDIA store, we’re doing everything humanly possible, including manually reviewing orders,