Berkshire Hathaway's book value has long been underestimated by the market, and one of the key reasons is that successful acquisitions never appreciate, while failed acquisitions are discounted. Geico is the most typical asset that has been severely undervalued.
Numbers speak.
In 1996, when Buffett acquired Geico for $4.6 billion, he priced its intangible assets at 97% of the annual premium. According to this logic applied to today, Geico's brand value and customer relationships should be worth $29.3 billion, more than 20 times the book value of $140 million.
Does this sound ridiculous? Not necessarily. Just look at its peer Progressive Insurance - the market values it at $31.8B, and using Buffett's method, it comes out to about the same level. This indicates that valuing the intangible assets of high-quality insurance companies at such a high multiple is not entirely unreasonable.
Real value: $52 billion
According to the monitoring

Remember when ChatGPT hit 100 million users? That was August 2023. Now flash forward to April 2025: the platform just crossed 800 million weekly active users – a 16x explosion in less than 2 years.
But here's what most people are missing: ChatGPT isn't even the real story. What's happening right

The EUR/USD has dropped 8.8% since February, reaching a 20-year low due to Europe's energy crisis and economic recession, contrasted with aggressive U.S. Federal Reserve rate hikes. Short-term forecasts suggest further euro weakening, while long-term recovery hinges on ECB actions and inflation trends.

RTX Corp secured a $1.25 billion contract to supply Tamir missiles to Israel through its joint venture with Raytheon. The deal boosts production capacity and benefits both Israel and the U.S. military, positively impacting RTX's stock performance.

You've probably heard the term "gamma squeeze" thrown around in crypto or stock trading communities. But most people don't actually understand what it is—they just know it leads to chaos. Let's break it down with real examples.
The Basics: What's Gamma?
Think of options trading like this: when

Bryan Johnson transformed his health by treating his body like a startup, building a $10,000 biohacking gym. His extreme methods significantly reversed his biological age and improved fitness. The key takeaway is that consistent, disciplined lifestyle changes can enhance health without high costs.

Rep. Thomas Massie's H.R. 645, the National Constitutional Carry Act, seeks to eliminate state laws restricting public firearm carry. With 35 cosponsors, it reinforces the Second Amendment, citing key court cases, but may face legal challenges from blue states.

The U.S. House Judiciary Committee has subpoenaed major tech firms to investigate foreign government influence on American online content. The inquiry examines how these companies manage foreign censorship and its impact on U.S. free speech, with potential implications for trust, compliance costs, and market performance.

After 60 years at the helm, Warren Buffett just dropped his retirement playbook. Here's what you need to know:
The Big Shift:
- Going "radio silent" after 2025 — no more annual shareholder letters (goodbye 48-year tradition)
- Stepping back from the annual Omaha meetup (the 20K-person "Woodstock

Goldman Sachs just dropped a bombshell — the world's oil consumption won't peak until 2040, not 2035. That's an extra five years of crude demand growth, driven by AI data centers guzzling power, jet fuel demand, and EV adoption being slower than hype predicted.
Here's the kicker: It's not just Gold

HP is cutting up to 6,000 jobs globally under its "Fiscal 2026 Plan," aiming for $1 billion in savings through AI and automation. However, disappointing earnings projections and restructuring costs have led to a 4.4% stock drop, indicating investor skepticism about long-term benefits.

The essay highlights the importance of seeking asymmetric bets in investing, as demonstrated by successful traders like Paul Tudor Jones and David Tepper. By focusing on high reward-to-risk ratios, investors can achieve substantial gains even with low win rates. The current setup in natural gas is presented as a potential opportunity, emphasizing that hitting big on a few trades is more crucial than consistent accuracy.

Lumen's recent WAN-to-LAN integration with Meter streamlines enterprise AI deployment by merging networking capabilities into a single platform. This solution enhances deployment speed, real-time data flow, and caters to the demand for integrated, AI-ready connectivity, indicating a shift towards cloud infrastructure in telecom.

The Zacks report assesses the financial transaction services industry, highlighting four major changes: rising tech costs, consumer pressure, cross-border transaction growth, and M&A acceleration. Despite current challenges, key players like Visa, Mastercard, and PayPal show promise for future growth.