Does Warren Buffett have a bulletproof formula for making money on Wall Street? It sure seems that way. Buffett, chairman of Berkshire Hathaway (Stock Quote: BRKB), is estimated to have $47 billion in assets – making him among the top three wealthiest individuals in the world.
With the impressive economic growth in China, many investors are getting interested in owning Chinese currency, aka the Yuan (which translates as round coin) or Renminbi.
Many investors look for help when picking investments. One tool people use is the quarterly filing of institutional investment managers called form 13(f).
John Burbank III, founder of Passport Capital, once observed that, “There is no way you can make 30 percent a year going long on the S&P 500. If you’re going to hit that kind of return, you have to go to places where it is going to happen.”
The general idea behind value investing is that, for any of several reasons, a stock may be trading at a price that is far below its intrinsic value.