Underwhelming Chinese activity data knock sentiment
Support for legislation enabling unexplained wealth to be probed is to be welcomed
The union federations say the the national strike will be a response to ongoing load-shedding, fuel price hikes and escalating food prices
Provincial chair elect indicates he will support Ramaphosa’s re-election as ANC president
The company says current CFO Diarmuid Kelly will take 12 months’ paternity leave from September 22
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Some in the industry believe a ban on the export of scrap will mean a more competitive steel industry, with lower prices passed on to consumers
Kyiv aims to disrupt Russian supply lines ahead of a planned counter-attack in territory annexed by Moscow in 2014
Veteran seamer believes he still has plenty to offer despite turning 40
Wind-cheating design packs 525kW and 753Nm from a twin-turbo V12 engine
When Berkshire Hathaway vice-chairman Charles Munger lamented the mistakes made in the company’s first 50 years under Warren Buffett, he cited the failure to buy Walmart Stores stock early enough in the retailer’s history.
Judging by recent events, Buffett does not think Walmart is such a great idea for his company’s next half-century.
Berkshire said in November it cut its holding in the retailer to 13-million shares as of September 30, marking the third straight quarter that Buffett’s company lowered its stake.
Online shopping has shifted the balance of power among retailers, a trend that has become more evident this holiday season, and Walmart stock has trailed Amazon.com in recent years.
"He makes mistakes too," Brian Yarbrough, an analyst with Edward Jones, said of Buffett.
"There are a lot of better places to put new money than Walmart. They are going to have to continue to fight this headwind of Amazon."
Buffett, 86, has long highlighted the vulnerability of even the largest r...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.