Browsing: Warren Buffett

The most important trait of great investors is the ability to set out and stick to a clear strategy.

For any of the strategies you have chosen, you need to stick to it and ignore any other noise telling you otherwise. This is because, investing can get emotional, and it does not help that you can see how you are doing by constantly checking a stock ticker throughout the day.

No one can be certain which way the financial markets are going to move.

In an interview with CNBC in 2016, investor par excellence Warren Buffett said, “I don’t pay any attention to what economists say, frankly. If you look at the whole history of [economists], they don’t make a lot of money buying and selling stocks, but people who buy and sell stocks listen to them. I have a little trouble with that.”…

American multinational holding company Berkshire Hathaway, owned by Warren Buffett last week announced the acquisition of a certain percentage of Canadian gold mining company,  Barrick Gold.

The deal saw the shares of Barrick Gold soar by 12% after Warren Buffett’s firm bought a stake in the company. Berkshire Hathaway purchased a 20.9 million-share stake in Barrick Gold, valued at about $564m.

However, as this deal was being announced, another deal was being activated in East Africa. Shanta Gold, the London AIM-listed miner announced that it has completed the acquisition of Canadian miner Barrick Gold’s assets in Kenya at a cost of Sh1.4 billion from three subsidiaries of Barrick.

The three subsidiaries include Acacia Exploration (Kenya) Ltd. Approximately US$55 m invested in exploration activities across West Kenya since 2010 by Acacia Mining Plc and previous owners.

Acacia joined the Kenyan market in 2012 after acquiring Aviva Mining Kenya Ltd. It acquired …