Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world’s most successful and watched investors.
The Oracle of Omaha made his fortune as a value investor, buying undervalued stocks with good fundamentals at a discounted price and then holding them as a long-term investment.
Buffett is Chairman and CEO of Berkshire Hathaway, which owns over 60 companies including GEICO Insurance, Duracell and See’s Candies.
The Katie Couric clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding disclosure of executive compensation and compensation of other elected employees.
Robber baron is a term often used in the 19th century during America’s Golden Age to describe successful industrialists whose business practices were often considered ruthless or unethical.
This investment strategy uses selling short stocks and using the proceeds from the sale of those stocks to buy and hold the best rated stocks for a specified period of time.
The 90/10 retirement investment strategy involves investing 90% of investment capital in low-cost S&P 500 index funds, and the remaining 10% in short-term government bonds.
The authorized reserve refers to the maximum number of shares that a publicly traded company may issue, as specified in its articles of incorporation or articles of association.