Warren Buffett’s Snowflake, Barrick Gold bets signal new strategy

  • Warren Buffett’s Berkshire Hathaway has made surprise bets on Barrick Gold and Snowflake in recent months, clashing with the investor’s past warnings about gold, tech stocks, and IPOs.
  • Berkshire’s bosses may be pursuing smaller, more frequent investments and cashing in on corporate actions, Brian Gongol, a longtime Berkshire shareholder, told Business Insider.
  • “I wouldn’t be surprised if Buffett, Weschler, Combs, and Ajit Jain all got on the phone and had a talk where they decided to ‘think small’ with some fraction of the company’s cash pile,” Gongol said.
  • Buffett and his team also signaled Berkshire was “the best big investment they could find” when they spent $5.1 billion buying back stock in May and June, Gongol said.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway stunned investors when it revealed a $560 million stake in Barrick Gold in August, and shocked them again with its $735 million

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How Signal Grew From Privacy App to Tech Powerhouse

Ama Russell and Evamelo Oleita had never been to a protest before June. But as demonstrations against systemic racism and police brutality began to spread across the U.S. earlier this year, the two 17 year-olds from Michigan, both of whom are Black, were inspired to organize one of their own.

Seeking practical help, Oleita reached out to Michigan Liberation, a local civil rights group. The activist who replied told her to download the messaging app Signal. “They were saying that to be safe, they were using Signal now,” Oleita tells TIME. It turned out to be useful advice. “I think Signal became the most important tool for protesting for us,” she says.

Within a month, Oleita and Russell had arranged a nonviolent overnight occupation at a detention center on the outskirts of Detroit, in protest against a case where a judge had put a 15 year-old Black schoolgirl in

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