Charlie Munger says newspaper industry is dying
- Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said Chinese companies are stronger than American companies, lamented a “dying” newspaper industry, and offered passing praise for Tesla Inc’s Elon Musk though he would never invest in his company.
He remains better known for having since 1978 been a vice chairman at Buffett’s Berkshire Hathaway Inc . He echoed Buffett’s sentiment that only a few newspapers, such as the New York Times and Wall Street Journal, may survive the shakeout as the Internet and changing reader preferences cause advertising revenue to plummet.
Munger is Berkshire’s chief supporter of that company’s investment in Chinese electric car company BYD Co , which began in 2008.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stock market live updates: Dow up 200, Charlie Munger comments on Tesla and moreStock market live updates: “I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said.
Les mer »
Stock market live updates: Dow up 200, Charlie Munger comments on Tesla and moreStock market live updates: “I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said.
Les mer »
Elon Musk pits an army of Tesla fans against Wall Street analysts, short sellersTesla retail investors and car owners make up a global fan base that champions the views of Elon Musk online and fight Tesla detractors.
Les mer »
Trump Forgets That Criminal-Justice Reform Is His New BrandLast week, President Trump was bragging about being forgiving. This week, he’s praising China for executing drug dealers. zakcheneyrice writes
Les mer »
China and Tesla: Here's what's hot in the ETF space right nowChina- and Tesla-based exchange-traded funds are gaining traction, and the managers behind them see more room for growth.
Les mer »
The virus is hitting China's movie theaters hard, and it's just one small part of the economy Beijing is scrambling to supportChina's movie theaters were ramping up for one of their biggest sales seasons of the year — hiring extra staff and buying more supplies — when the coronavirus hit.
Les mer »