Portfolio concentration is a big reason for Berkshire Hathaway’s long-term success. For nearly six decades, Berkshire Hathaway (BRK.A0.37%) (BRK.B0.53%) CEO Warren Buffett has been making his shareholders decisively richer. Berkshire’s Class A shares (BRK.A) have doubled up the total annualized return of the S&P 500, including dividends, since he became CEO (19.8% vs. 9.9%). The…
On April 24th China celebrated its Space day in Hefei, Anhui Province. Main focus of the event was to carry forward the Chinese dream of atomic & space technology. The next steps of the manned spaceflight, lunar exploration, & BeiDou Navigation Satellite system in the coming decades is another focus. To coincide with the event…
New UNICEF study reveals financial pressure and girls being out of school due to the COVID-19 pandemic drove many parents in South Asia to marry their daughters More than 100 government and civil society representatives from Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka, alongside experts and young people, called for renewed efforts…
Although all consumer indices remain pessimistic, the biggest gains were in future expectations suggesting the IMF funding agreement has lifted perceptions There was broad improvement in consumer sentiment in March, with all three of IHP’s Consumer confidence indices significantly improving, although all remain at pessimistic levels. The Index of Consumer Sentiment (ICS), the broadest measure…
Manufacturing PMI turned positive in March 2023, after nine consecutive survey rounds, recording an index value of 51.4. This month-on-month expansion was driven by the increase in New Orders and Production sub-indices mainly due to the seasonal demand. However, Employment, Stock of Purchases and Suppliers’ Delivery Time sub-indices remained below the neutral threshold. The increase in New Orders and Production…
An echo is a reflection of a sound wave returning from a distant object. Radar (radio detection & ranging), Sonar (sound navigation & ranging) & Lidar (light detection & ranging) operates on a similar principle. It was reported that India is worried about China setting up a radar base in southern SL. It is worth…
Reuters – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers. Standoffs between major Western-backed lenders like the International Monetary Fund (IMF) and the world’s…
The fourth Export Barometer Survey conducted by The Ceylon Chamber of Commerce highlighted the fall in exports in the second half of 2022, in line with the decline in national exports during the last quarter of the year. The survey, which covers the second half of 2022 and the outlook for the first half of…
The Research Intelligence Units suburban apartment price index for February reveals that the apartment prices are continuing to decline in USD terms making it an opportune time for foreign investors. However, this is not the case when the prices are calculated in LKR terms, RIUNIT says. According to the latest RIUNIT data, suburban average apartment…
On 16th May 1880, Col Henry Olcott (Rtd. US Army) arrived in SL at the Galle port to be welcomed by his good friend Ven. Migettuwatte Gunananda. Olcott connected with Ven Thero (after the “Panadura Debate”). Ven. had his early education under Christian priests of Wesley College, Colombo 08. If not, he wouldn’t have got…
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