Benzinga

Benjamin Graham's timeless quote encapsulates a fundamental truth in the world of finance. It reminds us that risk is an inherent part of investing and the key lies in understanding, assessing, and effectively managing it. By taking calculated risks, investors can unlock significant opportunities for growth and wealth creation. However, it's crucial to weigh these risks against potential rewards and to diversify investments to mitigate losses. A well-balanced investment portfolio, coupled with a long-term perspective, can help investors navigate market volatility and achieve their financial goals. 🔝

Benzinga Fintech Deal Day was a highlight last year at The Options Industry Council (OIC), and I'm excited to be making the trip back to NY again this year on November 19. This year, I'll be sharing the stage with Renato Leonard Capelj - discussing optionality. If you're there, make sure to stop by and say hello. I hope to see you there, ENJOY! Benzinga | Benzinga Fintech Deal Day | OCC | The Options Industry Council (OIC)

You'd think being Warren Buffett's kid would mean a life of luxury. Think again! His children grew up with modest allowances, even facing a slot machine in the attic. Howard Buffett shared that his weekly allowance was a modest 75 cents – and his dad wasn't afraid to win every penny of it back! In a truly "Warren" move, the legendary investor installed a slot machine in the attic, where his kids would run to spend their allowance. Buffett's philosophy? Wealth is not about material possessions, but about making a difference. His kids followed suit, focusing on philanthropy and giving back.

Discover how to profit BIG and safeguard your portfolio – no matter who wins – in five minutes or less. ➡️ https://lnkd.in/g-gBJeWq

Michele ‘Mish’ Schneider, Chief Strategist at MarketGauge joined Premarket Prep to give her take on what she thinks will happen to China stocks in the event of a Trump win and a Harris win in next week's election. $FXI $BABA $BIDU

Ahead of our November 19 event focused on financial technology and digital ecosystems like #crypto, we will join Propy Title Agency for conversations around the intersection of #blockchain and #realworldassets. Benzinga's Renato Leonard Capelj will moderate a session or two in Miami on November 7-8 during Propy's Web3 & Property Rights Summit before Propy Founder and CEO Natalia Karayaneva joins us in New York City on November 19 to moderate a chat featuring Grant Cardone. Together, they will discuss how #technology is changing Grant Cardone's business, as well as revamping the outdated #realestate transaction model using blockchain. We're happy to be part of Propy's great event and look forward to following up on some conversations in NYC! Use code "PROPY20" for a preview of what's to come in #NYC on November 19! https://lnkd.in/exR2F53d

🍂 As fall rolls in with cooler temperatures, Miami remains a hot spot—literally and figuratively. Some visitors have become residents in recent years, trading big-city winters and taxes for Miami’s warmth and business-friendly environment. The city's commercial real estate market is transforming to meet this demand, and Mindspace is leading the way in workspace innovation. After launching two new locations in Downtown Miami and Wynwood, Benzinga chatted with Mark B. Goldfinger, MBA, to learn why its tenants like Shark Tank #entrepreneur Daymond John are picking Mindspace in Miami. 🌆 #MiamiBusiness #CommercialRealEstate #Mindspace https://lnkd.in/eaa5_Yq3

In 2012, an eBay auction offering a steak dinner for 10 at Warren Buffett’s childhood home in Omaha, Nebraska, failed to attract any bidders, despite the legendary investor’s global fame. The auction aimed to raise funds for Girls Inc. of Omaha, a charity dedicated to empowering young women ages 5 to 18. The dinner promised a glimpse into the early life of the Oracle of Omaha, complete with a video message from Buffett, yet not a single bid emerged. Bids started at $6,000. Buffett, known for his frugal lifestyle and immense wealth, continues to live in a modest home he purchased in 1958 for $31,500. This juxtaposition of simplicity amid financial success has always been a point of fascination, highlighting Buffett’s principle of living simply. However, the allure of Buffett’s history and the chance to dine in his childhood residence did not translate into interest for the charity auction, a surprising outcome given Buffett’s iconic status. Buffett’s parents moved into the house at 4224 Barker Ave. shortly after their wedding in 1925. Buffett was born in 1930. He lived there for several years until his family moved to a larger dwelling. This piece of Buffett’s history, significant as it may be, underscores a nuanced truth: The value of Buffett’s presence outweighs the historical curiosity of his early environment. In contrast, Buffett’s charity lunches have become legendary, drawing bids of millions of dollars for the opportunity to share a meal and gain insights from one of the world's most successful investors. In 2011, the year before the dinner was auctioned off in his former home, the lunch bid reached over $2 million. The proceeds from these auctions benefit GLIDE, a San Francisco-based charity aiding homeless people and those in poverty. The record $19 million bid in 2022 exemplifies the high regard in which Buffett is held and the significant philanthropic impact these lunches have achieved. The lack of interest in the steak dinner auction at Buffett’s childhood home speaks to the unique appeal of direct interaction with the billionaire. While tens of thousands flock to Omaha annually for the Berkshire Hathaway general meeting, eager for even a fleeting connection to Buffett, the prospect of dining in his childhood home without his presence lacked the same draw. It highlights the complex interplay between celebrity influence, philanthropic engagement and the real estate linked to notable personalities, demonstrating that the essence of Buffett’s appeal lies in the living legend himself rather than the spaces he once inhabited.

Warren Buffett, the esteemed billionaire investor and head of Berkshire Hathaway Inc., once made a strategic acquisition that underscores the value of entrepreneurial spirit and shrewd business acumen. In 1983, Buffett purchased 90% of Nebraska Furniture Mart (NFM), a company started with a $500 investment, for approximately $60 million. The founder of NFM, Rose “Mrs. B” Blumkin, demonstrated extraordinary capability in growing her business from humble beginnings to a national leader in the home furnishings industry. Blumkin's journey from a small village near Minsk, Belarus, to the pinnacle of American retail is both inspiring and instructive. Arriving in the United States without money, formal education or the ability to speak English, she showcased determination and business savvy. “Never went to school a day in her life,” Buffett said during a 2019 interview with CNBC's "Squawk Box." By 1937, at the age of 43, Blumkin founded NFM in the basement of her husband’s shop in downtown Omaha, Nebraska, turning a $500 investment into the largest home furnishings store in the country. Buffett, who has a keen eye for exceptional businesses, described Blumkin's competitive edge with admiration, stating she would “run rings around” top business school graduates and Fortune 500 CEOs if given the same resources, according to a The New York Times article announcing her death at 104 years old. His decision to acquire NFM was based not on traditional business due diligence but on his confidence in Blumkin's leadership and the company’s solid business model. The deal was sealed with a handshake and a simple 1¼-page contract. Even after the acquisition, Blumkin continued to influence the retail industry, working at NFM until she was 103 years old. Her decision to open a rival store after a brief retirement at 95 demonstrates her drive and commitment to her customers. Buffett noted the need for a noncompete agreement to prevent her from venturing into new business pursuits, highlighting the deep respect and admiration he held for her. NFM is a testament to Blumkin's legacy generating approximately $1.6 billion in sales and more than $80 million in after-tax profits, according to estimates in “The Deals of Warren Buffett Volume 2: The Making of a Billionaire" in 2019. Buffett has repeatedly pointed to Blumkin's story as a source of inspiration for aspiring business managers and entrepreneurs, emphasizing the power of determination, integrity and customer focus.

Jeff Bezos advises on why he advices on high-velocity decision-making.