Warren Buffett, renowned investor and CEO of Berkshire Hathaway, recently made headlines by denouncing a widely used metric in the financial industry as “worse than useless.” Despite his criticism, many investors continue to rely on this metric when making investment decisions. So, what is this metric, and how can you avoid falling into the trap of using it?
In a recent interview, billionaire investor Warren Buffett criticized a commonly used metric that he believes is “worse than useless.” Despite his warning, this metric continues to be widely utilized by investors all over the world.
Senator Marco Rubio issued a stark warning on Wednesday, stating that a potential cyberattack from China would be “100 times worse” than the recent AT&T outage. The Florida Republican made the statement during a Senate hearing, emphasizing the potential impact on critical infrastructure, such as power and water supply.
A new report reveals that the homeownership gap between Black and White owners in the United States has worsened over the past decade. The report, released by the Urban Institute, shows that Black homeownership rates have remained stagnant while White homeownership rates have increased.
The private sector job market experienced a significant slowdown in January, with only 107,000 new jobs created, according to payroll processing firm ADP. This figure is considerably lower than the expectations of economists, signaling potential headwinds for the overall health of the labor market.
The Red Sea and Panama Canal, two important water routes for global trade, are facing alarming challenges that far surpass what most people actually realize, a prominent expert warns.
The year 2023 has witnessed an alarming surge in corporate bankruptcies, according to experts in the industry. With an uncertain business climate caused by the ongoing pandemic and economic instability, businesses across various sectors are facing unprecedented challenges, leading to a higher number of companies being declared bankrupt. Financial analysts believe that this distressing trend could potentially worsen in the near future.
