🧘‍♀️ Buffett bides his time

SoftBank wins some, loses plenty | That feeling when Berkshire Hathaway is too rich | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 9th in 3:05 minutes. 📚 The very best traders swear by Kathy Donnelly’s “The Lifecycle Trade” to help them spot growth stocks so fast-growing, they’re known as super growth stocks. So join Kathy for [The Search For Super Growth Stocks]( on Tuesday, and find out what you’re missing. [Get your free ticket]( Today's big stories - SoftBank reported a quarterly loss, as its Vision Fund took a massive hit - There’s a handful of underdog companies having a moment, and this might be the time to back them – [Read Now]( - Warren Buffett’s investment firm Berkshire Hathaway reported mixed quarterly results Poor Vision [Poor Vision] What’s Going On Here? SoftBank [reported]( a quarterly loss on Monday, with the Japanese giant struggling to make out winners for its “Vision Fund” like it used to. What Does This Mean? SoftBank’s Vision Fund – the world’s biggest tech-focused investment fund – has swung between big profits and heavy losses ever since it was launched. Last quarter was decidedly the latter, with nearly $18 billion being wiped off the value of its listed investments. Its stake in South Korean ecommerce company Coupang took a $6.7 billion hit, for one, while its investment in ride-hailing car firm Didi posted a $6 billion loss of its own. And while the fund did turn a profit from selling off stock in DoorDash, that couldn’t stop it from posting a bigger loss than it reported even during the height of the pandemic. Why Should I Care? For markets: SoftBank’s trying to keep investors on side. SoftBank’s stock price has fallen more than 40% since March, which – according to the CEO – means the company is now worth less than half as much as its own portfolio of investments. That can’t be great for its ego, but at least it’s trying to keep investors happy: the company announced on Monday that it would be buying back 15% of its own shares available on the market, which will reduce their supply and, in turn, push up the price of those left over. For you personally: Easy come, easy go. [Share buybacks]( don’t always result in higher share prices, mind you: some companies – particularly [tech]( firms – issue new shares to employees on a regular basis to keep them motivated. As an investor, then, you’ll want to do your research into how many shares the company in question is doling out to employees – otherwise you risk seeing the upside of buybacks wiped out the moment a flood of new shares arrive. You might also like: [Is this SoftBank-backed robotics company the next big ecommerce play?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Poor Vision&utm_campaign=daily-global-09-11-2021&utm_source=email) Analyst Take These Underdog Companies Are Mounting An Inspired Comeback [These Underdog Companies Are Mounting An Inspired Comeback]( [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? Rocky. The Mighty Ducks. Average Joe’s Gym. These are the underdogs we grew up cheering on as they took down their much more chiseled rivals, and now we can add [one more]( to their ranks. [This group of stocks]( has only beaten the US stock market 30% of the time since 1990. But since 2016, they’ve [doubled]( that success rate. And that trend [hasn’t shown any signs]( of slowing down in 2021, thanks to record-low interest rates and a variety of other factors. In other words, this could be a good time for you to pull out your foam finger and [get behind them](. So that’s today’s Insight: why [these down-on-their-luck companies]( are suddenly outperforming their rivals, and [where you can find them](. [Read or listen to the Insight here]( SPONSORED BY BITTREX A crypto exchange without compromise All good tech has one thing in common: it’s simple to use, but paddling furiously below the surface. Crypto exchanges are no different: you’ll want one that’s easy to work with, as well as robust, efficient, and reliable at its core. Good thing there’s [Bittrex](, then: your signup and identity verification will take [less than ten minutes](, and you’ll be able to [track more than 100 tokens]( in over 250 markets. All the while, Bittrex’s tech will be hard at work behind the scenes on [lightning-fast trade execution](, [dependable digital wallets](, and [industry-leading account protection](. Yep, you can have simplicity and performance without compromising on security. Don’t overcomplicate things: [open your account with Bittrex today](. [Open An Account]( Hathawait And See [Hathawait And See] What’s Going On Here? Berkshire Hathaway [reported]( mixed quarterly earnings over the weekend, as CEO Warren Buffett twiddles his thumbs till a deal worth making finally pops up. What Does This Mean? Berkshire is such a sprawling [conglomerate]( that it was bound to overachieve in some parts of its business and underachieve in others last quarter, as different economic factors stirred up both tailwinds and turbulence. Its railroad, utilities, and energy segment, for example, grew 11% versus the same time the year before, with post-pandemic demand continuing to rebound. Its insurance business, on the other hand, had plenty of payouts to make following Hurricane Ida and the European floods, bringing the segment to a loss. The company’s stock market investments were a mix of both: they brought in almost $4 billion, sure, but that was down around 80% from the same time last year. All in all, the good couldn’t outweigh the bad: Berkshire's total profit came in 60% lower than the same time a year ago. Why Should I Care? The bigger picture: Berkshire has too much cash. Berkshire’s hasn’t made any sizable [acquisitions]( for a few years, mostly because it’s been put off by record-high stock valuations. So the company’s instead been spending the cash it’s saved on buying back its own shares, including another $8 billion worth last quarter. But even that’s barely made a dent in its cash pile: it ended last quarter with a record-high $149 billion. For markets: Is Buffett behind the times? Warren Buffett has cultivated his messianic investing reputation for a reason: between 1965 and 2020, his firm’s investments generated an average return twice as much as the US stock market every year ([tweet this](). Focus on the last five years, though, and you’ll see it’s slipped behind the wider market, which could be because Berkshire’s preferred “value stocks” – those that look cheap relative to the market – have been underperforming their expensive, fast-growing equivalents. You might also like: [How to invest like Warren Buffett.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hathawait And See&utm_campaign=daily-global-09-11-2021&utm_source=email) 💬 Quote of the day “Life is not a problem to be solved, but a reality to be experienced.” – Soren Kierkegaard (a Danish philosopher) [Tweet this]( SPONSORED BY ORGANIFI Treat yourself to better health We all want to eat well, but it’s not easy when life gets hectic. 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With Kathy Donnelly’s help, of course: the co-author of “The Lifecycle Trade” knows a thing or two about how to sift the flash-in-the-pans from the slow-burners, and you can hear all her secrets at [The Search For Super Growth Stocks](. 👀 [The Search For Super Growth Stocks](: 3pm UK Time, November 9th 👵 [How To Retire Early With Crypto](: 5pm UK Time, November 11th 🇮🇳 [How To Tap Into India’s Raw Potential](: 9am UK time, November 15th 💡 [Will Crypto Regulation Dent Your Portfolio?](: 12pm UK time, November 16th 🔥 [How The New “Commodity Supercycle” Impacts You](: 5pm UK time, November 17th 🚗 [How To Buy Into The EV Boom](: 1pm UK time, November 18th 💰 [Your First Step Into The Cryptoverse](: 5pm UK time, November 19th 🚀 [Finimize x Ledger Crypto Summit 2021](: December 2nd-3rd ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. 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