Warren Buffett says Berkshire professionals were astonished by economic slowdown, earnings to decline

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“In the general economic system, the comments we get is that, I would say, possibly the vast majority of our businesses will in fact report decrease earnings this 12 months than past 12 months,” Buffett claimed Saturday.
The 92-calendar year-old investing icon thinks that some of his administrators at Berkshire subsidiaries had been caught off guard by the swift modify in purchaser conduct, as they put the Covid-19 pandemic driving them.

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Finance

DoubleLine’s Gundlach says to buy international stocks on the dollar’s ‘secular decline’

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Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that international stocks will continue to outshine U.S. equities on the back of what he believes to be the dollar’s secular downtrend. “I think the trade is to not own U.S. […]

Finance

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