‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett
2 months, 3 weeks ago

‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett

Hindustan Times  

Billionaire investor Warren Buffett preaches that the best option for most people is to invest in a low-fee S&P 500 index fund and hold it long-term, but Chamath Palihapitiya, a Sri Lankan-born Canadian venture capitalist, disagrees. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan Palihapitiya, who is also a cohost of the "All-In" podcast, wrote in a post on X that a handful of tech stocks have become so valuable that owning the S&P 500 index, which is based on market capitalisation is more of a concentrated bet on those risky businesses rather than a bet on the market as a whole. These include Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, Tesla, Broadcom, Berkshire Hathaway, and Walmart, all collectively worth around $21 trillion, a little less than half of the index's $50 trillion market cap. Warren Buffett is currently the 10th richest person in the world with a net worth of $142 billion, according to the Bloomberg Billionaires Index which also showed that his wealth has climbed $22.2 billion year-to-date.

History of this topic

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares
1 month ago
Mint Quick Edit | Is Warren Buffett’s investment inactivity justified?
1 month ago
Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter
1 month ago
Warren Buffett advises Donald Trump to ‘spend wisely’ in Berkshire Hathaway’s annual letter to shareholders: 10 Points
1 month ago
Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’
1 month ago
Buffett offers Trump advice in annual Berkshire Hathaway letter
1 month ago
'Spend wisely & ensure a stable economy': Warren Buffett's message to US government
1 month ago
World’s richest people suffer $108 billion loss on DeepSeek fuelled tech selloff
1 month, 3 weeks ago
Warren Buffett makes screeching U-turn on risky investment he once called 'rat poison'
2 months ago
Warren Buffett names his successor: 5 things to know about Howard Buffett, the man set to helm Berkshire Hathaway
2 months, 1 week ago
Billionaire investor says Americans face 'rude awakening' if they follow Warren Buffett's advice
2 months, 2 weeks ago
Warren Buffett wants you to read five books in 2025 to make yourself as rich as him
2 months, 3 weeks ago
Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year
2 months, 3 weeks ago
This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos
Trending News
3 months ago
Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha
3 months, 3 weeks ago
Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune
3 months, 3 weeks ago
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
4 months ago
Warren Buffett to yield $776 million in Coca-Cola dividends this year
4 months ago
Does Warren Buffett know something that we don’t?
4 months, 2 weeks ago
Billionaires Buffett, Huang & Bezos, who remained tight-lipped about election, see their wealth balloon after Trump win
4 months, 2 weeks ago
Elon Musk's net worth surges by $26.5 billion after Donald Trump wins US election
4 months, 2 weeks ago
Warren Buffett finally reveals his endorsement decision in 2024 election
4 months, 3 weeks ago
Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity
6 months ago
The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
6 months, 1 week ago
Warren Buffett's $5.4 BILLION warning to investors after he dumps popular stock - and Wall Street better pay attention
6 months, 2 weeks ago
Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap
6 months, 3 weeks ago
Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares
6 months, 3 weeks ago
Warren Buffett says Steve Jobs once called him for investment advice but ignored it: 'He didn't do anything'
7 months, 2 weeks ago
Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
7 months, 3 weeks ago
Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
7 months, 3 weeks ago
Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
7 months, 3 weeks ago
Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
8 months ago
Warren Buffett just lost $4.5 billion because of this stock market decision
9 months, 1 week ago
Billionaire Warren Buffett finally reveals mystery stock he’s been buying up
10 months, 1 week ago
Warren Buffett’s Berkshire reveals its mystery stock: Chubb
10 months, 1 week ago
Warren Buffet's right-hand man at Berkshire Hathaway once revealed the 'magic number' you need to save to build wealth
10 months, 2 weeks ago
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
10 months, 2 weeks ago
Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
10 months, 3 weeks ago
Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
10 months, 3 weeks ago
Louis Vuitton boss Bernard Arnault remains richest man in the world with a $233 BILLION fortune as number of billionaires hits its highest ever - with Elon Musk and Jeff Bezos second and third
11 months, 3 weeks ago
Jeff Bezos overtakes Elon Musk as world's richest for the first time in three years as Amazon founder's net worth tops $200billion while Tesla creator's stumbles after $55.8billion compensation packag
1 year ago
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
1 year, 1 month ago
We could see the world's 1st trillionaire in the next decade. Here are some of today's richest 1%
1 year, 2 months ago
We could see the world’s first trillionaire in the next decade. Here are some of today’s richest 1%
1 year, 2 months ago
6 investing tips from Warren Buffett to start the New Year on a positive note
1 year, 2 months ago
Warren Buffett made the biggest charitable donation in 2023 worth $541.5 million
1 year, 2 months ago
Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
1 year, 2 months ago
Warren Buffett donates ₹7,250 crore to charities as Thanksgiving
1 year, 4 months ago

Discover Related