Business

Warren Buffett breaks down the most important lessons he learned from his $1 million bet against hedge funds (BRKA)

Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick WilkingThomson Reuters

  • Warren Buffett in 2007 entered a decade-long bet with Protégé Partners that the S&P 500 would outperform a selection of hedge funds over the following decade. 
  • He won the bet late last year. 
  • In his annual letter to shareholders, Buffett laid out the biggest lessons he learned from the exercise, including a better way to think about portfolio risk.

At the end of 2017, Warren Buffett won a million-dollar bet he made against the hedge fund industry.

The Berkshire Hathaway CEO had bet with Protégé Partners in 2007 that the S&P 500 would outperform a selection of hedge funds over the following decade. 

See the rest of the story at Business Insider

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SEE ALSO: Warren Buffett has won his $1 million bet against the hedge fund industry

Entertainment

Why Don’t We Try “Living Deeper” This 2018

Here at Preen, we’re fully aware that adult life doesn’t always go as smoothly (and look as beautiful) as curated Instagram feeds. We all face challenges amidst all the good things. Meet Mikka Wee, a former food editor-turned-working gal in Singapore, who’s about to share all the ups and downs that come with adulting and living. […]

The post Why Don’t We Try “Living Deeper” This 2018 appeared first on Preen.

Travel

Manhattan transfers: New York’s boroughs by ferry

Downtown New York has sights galore but the city’s expanded ferry service offers a more relaxed way to see its less famous neighbourhoods – and fabulous views back to Manhattan

There are a lot of sights to tick off on a visit to New York City. Lots of tall buildings, lots of parks … and lots of people at all of them. But if you have seen the well-trodden attractions, it can be fun to find a more authentic side to the city. And this has become easier since the city expanded its ferry service.

Two new routes, linking neighbourhoods such as Astoria in Queens and Red Hook in Brooklyn, were added in 2017, and two more will be added in 2018 (see map of ferry network here). For just $2.75, the ferry is a far more picturesque and less claustrophobic way to travel than the subway, and goes to places that otherwise might be overlooked.

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Business

#SavvyUpTogether Experts – Learn How They Save, Invest & Spend!

  Managing one’s finances is not a talent someone is born with. It is a skill that a person learns along the way. All six #SavvyUpTogether experts realised this at an early age. Therefore, while most young adults their age were partying and blowing cash like nobody’s business. They were saving, investing and educating themselves […]

The post #SavvyUpTogether Experts – Learn How They Save, Invest & Spend! appeared first on The New Savvy.

Entertainment

These Aussie lifesaving legends are passing their skills onto their Sri Lankan counterparts

Victoria’s surf coast recently hosted an all-female team of Sri Lankan lifesavers for an educational program designed to develop the culture of water safety in the country. The cross-cultural program … Read more

The post These Aussie lifesaving legends are passing their skills onto their Sri Lankan counterparts appeared first on Lost At E Minor: For creative people.

Architecture

Adorable exchange between Ryan Reynolds and Tessa Virtue reignites Moir shippers

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Scott Moir and Tessa Virtue, the gold-winning figure skaters from Canada, are the Ross and Rachel of this year’s Winter Olympics. 

Although Moir addressed romance rumors as “none of your business” — complete with sassy snaps — their fans are still convinced that his partnership with Virtue is more than just a professional relationship. 

This is how Scott Moir helps Tessa Virtue off the podium. What a prince#VirtueMoir #XX pic.twitter.com/119kirHmsU

— Maddie (@mQharper) February 20, 2018

Fellow Canadian Ryan Reynolds is one of those fans. On Monday he tweeted his support for the Team Canada, and implied that the figure skating duo was a couple: “And thank you @tessavirtue & @ScottMoir for agreeing to raise my children as your own.”  Read more…

More about Olympics, Canada, Figure Skating, Winter Olympics, and Culture

Tech

Equity shot: Dropbox is going public, and Aaron Levie has some advice

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. At long last, after many predictions and even a private filing, Dropbox dropped its S-1 today. The filing marks the public beginning of the end of Dropbox’s life as a private company. Dropbox is going public! To mark the occasion, Katie Roof and Alex… Read More

Entertainment

‘Dunkirk’ may win without it being anybody’s favorite movie

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Danielle Radford (@danielleradford) of Screen Junkies, Tights and Fights, and more joins us this week to weigh Dunkirk‘s chances of winning Best Picture. Is the movie even worth it if you’re not seeing it in IMAX? Or is it going to skate on a technicality all the way to the big win?

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More about Movies, Mashable Video, Oscars, Analysis, and Academy Awards

Business

FCC chairman who killed net neutrality given gun and award from NRA

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Federal Communications Commission chairman Ajit Pai was set to give a speech at the Conservative Political Action Conference (CPAC) in Maryland Friday afternoon, but instead the organization surprised him with a “Courage Under Fire” award for standing up to net neutrality supporters. 

Pai introduced a repeal to the net neutrality regulations brought in during the Obama administration. The FCC voted 3-2 to repeal the rules last year and on April 23 it will be officially dead, barring any successful legal challenges.

More about Fcc, Net Neutrality, Nra, Ajit Pai, and Tech