Billionaire investor warns “The faster and higher things go up, the harder they fall” while talking about skyrocketed AI stocks, which will predictably lead to an inflationary economic slowdown

What you need to know DoubleLine Capital CEO Jeffrey Gundlach says the current AI wave reminds him of the dot-com era. The billionaire investor warns that the current market is grabby and momentum-driven, citing that the rush to invest in AI is a huge risk and will eventually accrue massive losses. The CEO attributed that […]

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Peloton Looking for Investor Like Apple to Buy 20% of Company

Peloton is looking for a major company like Apple or Amazon to buy a stake of around 20 percent in its business in an effort to improve the company’s fortunes amid dwindling demand for its products and fierce competition from services like Apple Fitness+, according to a report from Bloomberg. Sources believed to be familiar […]

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Apple Is ‘Ungodly Well-Managed,’ Billionaire Investor Says

Apple has been lauded as “ungodly well-managed” by billionaire investor Charlie Munger, Yahoo Finance reports. In an exclusive interview, the Berkshire Hathaway vice chairman told Yahoo Finance Editor-in-Chief Andy Serwer: I think Apple is one of the strong companies and will stay a strong company. I think it’s ungodly well-managed. Apple is now Berkshire Hathaway’s […]

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