Alexander Peak Capital

229 Flips | 2 Magazines | 14 Following | 20 Followers | @PeakCapital | Deep value investing strictly adhering to the financial principles of Buffett, Munger, Town, Pabrai, and Spier.

Buffett to Berkshire Shareholders: Be Prepared to Lose Half Your Money

There's a price to pay if you want long-term riches.<p>Few investors can match the track record of investing performance that Warren Buffett has …

Warren Buffett's Latest Advice for Surviving a Stock Market Crash

Here’s Warren Buffett’s latest nugget of investment wisdom you need to hear.<p>Warren Buffett writes an annual letter to <b>Berkshire Hathaway</b> (NYSE:BRK-A) …

Investing

Warren Buffett: Gambling on stocks is a losing investment bet

Warren Buffett has a message for Main Street investors: Treating the stock market like a casino is a bad bet.<p>The CEO and chairman of Berkshire Hathaway warns that wagering on stocks with borrowed money or loading up on exotic investments is akin to gambling. Investing in well-run companies whose …

Investing

Ripple, the company behind cryptocurrency XRP, signs international payment deal with foreign exchange giant UAE Exchange

LONDON — Foreign exchange giant UAE Exchange has signed a deal with San Francisco fintech players Ripple on cross-border payments.<p>UAE Exchange is joining the startup's RippleNet network, which uses blockchain technology to power real-time international payments.<p>UAE Exchange CEO Promoth Manghat said …

Cryptocurrency

Guy Spier: "The Education of a Value Investor" | Talks at Google

Congress Blesses Roth IRAs For Everyone, Even The Well Paid

The new tax law makes Roth IRAs officially available to even more people. That’s because Congress put its stamp of approval on a backdoor approach that allows folks who earn too much to contribute directly to a Roth IRA to fund one anyway.<p>It works like this: If you earn more than $120,000 as a …

Meet the unconventional portfolio manager who crushed Wall Street last year while barely watching the market

Alex Umansky may be one of the hottest portfolio managers on Wall Street right now, but you won't catch him scanning news headlines or closely monitoring the market.<p>He's probably deep in the weeds, researching new ideas and combing through financial statements, annual reports, and corporate …

Investing

Roth IRAs Just Became an Even Better Deal for Retirement Savings

A Roth IRA is usually touted as a good deal for younger workers: You pay taxes on money going in now, and then when you’re older (and theoretically …

GE could break itself apart as cash crisis deepens

General Electric, once America's most successful conglomerate, could break itself apart.<p>A breakup would represent a further dismantling of an already-shrinking empire that still makes everything from light bulbs and jet engines to MRI machines and power plants.<p>John Flannery, the new CEO charged …

Great Depression

How Warren Buffett’s billionaire deputy became an “expert-generalist”

• Draw on that palette of diverse knowledge to recognize patterns and connect the dots across multiple areas.<br>• Drill deep to focus and perfect the thinking.”

Warren Buffett

How Does a Roth IRA Work?

The Roth IRA is about delayed gratification: Unlike other individual retirement accounts, with a Roth IRA you pay taxes on your contributions every …

Tax Reform Changes To Recharacterizations And Roth IRA 2018 Contribution Limits

Despite lots of noise leading up to the passage of the tax reform bill, retirement planning was left mostly alone. While the tax cuts and changes might have a big impact on government program cuts to Medicare, Medicaid, and Social Security in the future and might also significantly impact how …

19 Industries The Blockchain Technology Will Disrupt

What is The Blockchain?<p>The blockchain is a distributed ledger technology that underlies cryptocurrencies like bitcoin and platforms like Ethereum. It …

Opinion: Heed Warren Buffett’s warning: Bitcoin is pure FOMO

To the surprise of nobody, billionaire investor Warren Buffett isn’t interested in bitcoin, the electronic currency that has zoomed higher in value …

Cryptocurrency

How This Entrepreneur is Fixing the $250 Billion Sharing Economy with Blockchain Technology

Bee Token CEO plans to offer a better alternative to Airbnb and Homeaway.<p>The efforts of Uber and Airbnb to develop and grow a new labor market based on short-term contracts and freelance work have driven multi-billion dollar valuations, and an economy in which the participants share in value …

Overstock’s CEO launches new trading platform and token, tZero

Few mainstream business leaders have taken to the blockchain quite like Patrick Byrne. The founder of Overstock.com has been accepting Bitcoin since 2014 and has been talking about disrupting the payments world with transparent, low-cost, and sane blockchain-based systems. With tZero, he just …

5 Big Banks Currently Testing Ripple's Blockchain Technology

The possibility of instantly settling cross-border transactions has these five banks very excited.<p>When the calendar does finally turn on 2017, …

I Learned What Blockchain Is So You Won't Have To

Krissy EliotBlockchain is all the rage right now, but most people don’t know what it is. Sure, we get that it’s somehow revolutionary, but it’s …

Bitcoin

A Big Shift Is Underway Among Cryptocurrencies Like Bitcoin, Litecoin, Ethereum, and Ripple

We're beginning to see two separate areas develop within the cryptocurrency space.<p>What an incredible year it's been for the cryptocurrency market and …

Cryptocurrency

The December 31 Deadline For A Clever Roth IRA Move

<i>Here’s a way to boost your last-gasp deduction for state taxes.</i><p>Do you have a big IRA? And live in a soak-the-rich state? Run, don’t walk, to your accountant. You’ve got two weeks left to do a Roth conversion that just might save you a bundle.<p>The pending tax legislation, soon to become law if Trump …

How to buy Ripple – is it the right Bitcoin-style cryptocurrency for you?

If you are dying to get into the cryptocurrency market but have arrived too late to the Bitcoin party there are plenty of alternative …

Blockchain Is Changing the Way We Protect and Track Our Identities

Although we are very much still in the early stages, blockchain technology is already beginning to show signs of its truly massive potential<p>Although we are very much still in the early stages, blockchain technology is already beginning to show signs of its truly massive potential. Whether or not …

The First $100 Billion Dollar Blockchain Company Could Be The Next SAP

There can be a lot of hype around how disruptive blockchain technology will be where some trumpet how it will change everything in our world today and every industry is primed for disruption. While I am excited about blockchain technology, I do not believe it’s a cure-all technology.<p>The most common …

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What Is Ripple and Why Is It Beating Both Bitcoin and Litecoin?

Forget Bitcoin. So long Litecoin. There’s a new cryptocurrency on the rise.<p>Ripple, which was designed for banks and global money transfers, has seen …

Philip Rosedale Nails Blockchain in 445 Words

Bob Fine and Charlie Fink in the VR Voice Hot Seat with Philip Rosedale, Founder/CEO High Fidelity & Founder of Second Life<p>“If Blockchain were around when we started Second Life we would have built everything around it and indeed that is some of the work we’re undertaking now [with High Fidelity]. …

Blockchain

Blockchain -- Biggest Trade Finance Innovation Since Cuneiform Tablets?

Blockchain will get down to business in finance during 2018, says Grainne McNamara, PwC’s financial services Blockchain Leader.<p>People are moving out of the lab experience and really looking at what are the commercial models that make sense,” she said. From a timeliness perspective blockchain …

Blockchain Consensus Requires Evolutionary Change

Blockchain has long been resonating beyond the walls of the software industry. Every day, messages circulate about the development of the Bitcoin price index, while startups are competing to create the next earth-shattering business model based on this technology.<p>Yet what do we really understand …

Blockchain

Bitcoin futures begin trading as price surges

One of the largest exchange holding companies launched trading of bitcoin futures Sunday, as the value of the popular digital currency surges.<p>Trading on bitcoin futures through the CBOE Futures Exchange (CFE) started just after 6 p.m. ET, to coincide with the start of global trading hours.<p>In a …

The Top 3 Rules For Navigating The Bitcoin, Blockchain And Crypto Craze

Cryptocurrency—a word added to the Oxford dictionary just four years ago—has since woven its way into conversations at cocktail parties, on the golf course and everywhere in between. As digital currency creeps into our daily discussions, new evangelists buy in and drive prices higher. In effect, a …

Here's what Warren Buffett was like growing up

For most people, the "Oracle of Omaha" needs no introduction. With a self-made net worth of $84 billion, some experts consider the 87-year-old to be the greatest investor of all-time.<p>Despite his incredible achievements and decades in the public eye, the modest Midwesterner is frugal, relatable, and …

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