Author: CapitalGainsFund

May 16

NewsWatch: Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era

MARKETWATCH FRONT PAGE The chairman of Berkshire Hathaway seems to prefer the S&P 500 to his own company’s stock. See full story. Wall Street sees plenty of upside for these downtrodden tech stocks Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year. See full story. Fed says pandemic has […]
May 16

Retire Better: Thanks to COVID-19, Social Security’s day of reckoning may be even closer than we thought

I’ve mentioned before that Social Security is now dipping into its reserves—the so-called “trust fund”—to pay benefits. That’s because the system isn’t taking in enough cash from payroll taxes, which is how the gargantuan Social Security program—by far the single biggest source of federal spending—is financed. Read: Another victim of COVID-19: Social Security Prior to […]