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1 day ago · Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. [4]
1 day ago · Gates has several investments outside Microsoft, which in 2006 paid him a salary of US$616,667 and a bonus of US$350,000, for a total of US$966,667. [224] In 1989, he founded Corbis, a digital imaging company. In 2004, he became a board member of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett. [225]
1 day ago · Deng Xiaoping (Chinese: 邓小平[a]; 22 August 1904 – 19 February 1997) was a Chinese revolutionary and statesman who served as the paramount leader of the People's Republic of China (PRC) from December 1978 to November 1989.
1 day ago · The finance minister was seen as central to efforts to restore confidence in South Africa. As a result of the tensions, S&P Global cut South Africa's credit rating to junk status on Monday 3 April 2017. [54] Fitch Ratings followed suit on Friday 7 April 2017 and cut the country's credit status to the sub-investment grade of BBB−. [55]
1 day ago · Carl Benz. Invented. 1886 (138 years ago) (1886) A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people over cargo. [1][2] There are around one billion cars in use worldwide.
1 day ago · Morocco is a fairly stable economy with continuous growth over the past half-century. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s.
1 day ago · Due to the effects of the crisis, it was expected that several banks had to be bailed out by EU funds in 2013; however, needed capital was able to be covered by the country's own funds. Fiscal actions and legislations aiming on the reduction of spendings as well as several privatisations supported an economic recovery as from 2014. [ 152 ]
