Nothing can stop Berkshire now | Europeans won't shop |

Hi Finimizer, here's what you need to know for April 8th in 2:57 minutes.

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Today's big stories

  1. Berkshire Hathaway continued its investment spree by buying a stake in HP
  2. Now might be a good time to buy into Solana after a favorable run of events – Read Now
  3. Eurozone retail sales disappointed, and retailers are trying to recover

Signed, Sealed, Delivered

Signed, Sealed, Delivered

What’s Going On Here?

Filings this week showed that Berkshire Hathaway has bought a stake in HP – the third company to get Buffett’s multibillion dollar stamp of approval in the last few weeks.

What Does This Mean?

Berkshire’s investments are like buses: you wait an eternity for one, and three come along at once. First, the conglomerate bought insurance firm Alleghany for $12 billion, following up with $8 billion worth of Occidental Petroleum’s stock. And now Berkshire’s adding $4.2 billion worth of HP’s stock to that tally – a move that’ll turn the conglomerate into the PC company’s biggest shareholder. That’s an endorsement of HP’s shift in strategy if ever there was one: the computer firm recently bought workplace hardware solutions company Poly, and it’s planning to push deeper into areas like 3D printing and gaming too.

Why Should I Care?

Zooming in: “Be greedy when others are fearful.”
This sudden bullishness makes sense: the combination of interest rate hikes and the Ukrainian war have knocked global stock markets, which means Berkshire – which specializes in finding stocks that are going cheap – can do exactly that. Thing is, stocks are down all over the world, so the fact that Berkshire’s chosen three American companies has made analysts hopeful that Buffett sees long-term growth in the US – even if there is a slowdown in the meantime.

The bigger picture: Inflation hurts.
Buffett has previously warned against holding too much cash at the best of times, given that its value will just be eroded by inflation. So these latest purchases might just be a savvy way to put Berkshire’s cash mountain to work. Too right: at the current inflation rate, the company’s near-$150 billion stockpile would only be able to afford half as many goods and services within 10 years as it can today.

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Analyst Take

Is Solana Set For The Comeback Of The Year?

Is Solana Set For The Comeback Of The Year?

By Jonathan Hobbs, Analyst

What’s Going On Here?

Solana’s investors have been on an emotional rollercoaster in the past year or so.

The blockchain’s price went from $1.51 in January to $260 in November – only to collapse by 70% over the next three months.

Now, though, a string of good news has put it back on the map.

Coinbase has said it’s adding support for Solana to its wallet extension, while Opensea – the world’s biggest NFT marketplace – is adding the crypto to its lineup of integrated chains.

Plus, Solana has recently been at the center of two major investment product launches, including a fund from Grayscale that counts Solana as its biggest holding.

So that’s today’s Insight: everything Solana has going in its favor, and whether you should buy in.

Read or listen to the Insight here

SPONSORED BY ATTEST

Out with the new, in with the old?

If you invest in crypto, you probably use Binance, Coinbase, or Ledger.

But business research specialist Attest was curious to know what it would take for a traditional institution to win you over.

So Attest asked 1,000 Americans for their opinion, and it discovered that 49% of people would at least think about switching to a bank that offers crypto products.

But when asked to rank key banking features by importance, the participants put the ability to invest in crypto right at the bottom. That’s all down to a lack of knowledge and trust.

This is just the tip of the iceberg: see more of Attest’s findings here.

Read More

Cheapskates

Cheapskates

What’s Going On Here?

Data out on Thursday showed that European retail sales didn’t grow as fast as expected in February, but those pennies aren’t exactly going to pinch themselves.

What Does This Mean?

Retail sales in Europe rose just 0.3% in February from the month before – short of the 0.6% economists were expecting. And this is before the effects of war in Ukraine really came to a head, which is a problem: European consumer confidence has only been falling – and inflation only rising – ever since. And given that consumer spending makes up a huge chunk of the region’s economy, economists think the slowdown will play a major part in dragging down economic growth this quarter.

Why Should I Care?

The bigger picture: Be more direct.
With retailers making fewer sales, they’re looking for ways to profit more from those they are making. So they’ve been veering away from wholesalers and third-party marketplaces, which take a cut of the profits and hoard data on shopping habits for themselves. Levi’s knows what’s up: “direct sales” – those that cut out the middleman – made up around 40% of its total sales last quarter, helping the denim giant grow its profit by a better-than-expected 37% (tweet this).

Zooming out: Crypto has you covered.
We know what you’re thinking: couldn’t European businesses just let shoppers pay with bitcoin to boost business? That same question might’ve crossed Bolt Financial’s mind: the US company – which specializes in online checkout operating systems – announced on Thursday that it’s buying crypto infrastructure provider Wyre Payments for a reported $1.5 billion. Bolt – which counts major retailers like Forever 21 and Juicy Couture as customers – is looking to incorporate digital currency payments onto its platform, in a bid to make paying for Ben & Jerry’s with bitcoin the norm.

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💬 Quote of the day

“If opportunity doesn’t knock, build a door.”

– Milton Berle (an American comedian and actor)
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🌎 Finimize Live

🥳 Coming up this week…

(All events given in UK time)

🌍 The Real Impact Of The Russia-Ukraine Conflict: 1pm April 8th
🎙 Live Crypto Community Q&A: 5pm April 8th
💰 How Investors Can Profit From Real-Time Payments: 6pm April 11th
🧑‍💻 Strategies To Find The Best Web3 Projects and DAOs: 5pm April 12th
♻️ Investing Opportunities Beyond Wind And Solar: 1pm April 13th
🧠 How To Master The Investor Mindset: 6pm April 13th
🚀 How To Invest In The Space Economy: 1pm April 14th
🚑 How To Invest In Insuretech: 6pm April 14th
💰 Understanding Use Cases To Generate Crypto Wealth: 6pm April 20th

🤯 And after that…

👷‍♀️ How To Protect Your Portfolio: 1pm April 21st
📈 How To Identify High-Growth Metaverse Stocks: 6pm April 21st
🌍 2022 Macro And Fixed Income Opportunities: 1pm April 22nd
🎙 Live Crypto Community Q&A: 5pm April 22nd
💸 Top Crypto Investing Strategies: 5pm April 25th
🪐 An Impact Investor’s Guide to Web3: 6pm April 28th
🎙 Live Crypto Community Q&A: 5pm April 29th

🎯 On Our Radar

  1. Feeling burnt out? Maybe you can pay your way out of it.
  2. Drake, Harry Styles, and Lil Nas X have something in common. This guy just hacked them all.
  3. There’s a new artist in town. They might not be a real person, but their stuff’s pretty good.
  4. First a Gucci bag sold for more in Roblox than in real life. Now Roblox has rolled out its next fashion statement.
  5. Salad’s meant to be healthy, sure. But it would be a whole lot nicer if you poured Cheetos on it.
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