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@financefunfacts "Buffett and OXY sitting on a tree K I $ $ I N G. The Oracle of Omaha has started buying more stock of Occidental Petroleum after a nearly X months hiatus. Last week it was revealed in a SEC Form X filing that Berkshire Hathaway bought XXX million shares at an average price of $XXXXX per share. #finance #stocks #investing #BerkshireHathaway #OccidentalPetroleum #WarrenBuffett #stockpurchase #SECfiling #investmentnews #stockmarket #financialtrivia #trivia"
TikTok Link @financefunfacts 2023-11-01T22:46Z 23.2K followers, XXX engagements

"The average Argentine has more U.S. dollars in cash than the average American. And its all because Argentinas inflation rate is currently 140%. Thats right. Approximately XX percent of all physical U.S. currency (about $XXX billion) circulates in Argentina. Divide that by Argentinas population of XX million thats $4400 in cash for the average Argentine which is impressively more than the average $3100 for every American. And the reason Argentines are hoarding U.S. cash right now is because inflation is absurdly high and the Argentinian peso has dropped XX% against the U.S. dollar in the past"
TikTok Link @financefunfacts 2023-11-25T00:52Z 23.2K followers, 7007 engagements

"The year was 2009 and Stewart Butterfield just raised XX million from the famed VC Andreessen Horowitz to make a video game. How Well you see Stewart Butterfield had previously founded Flickr which he sold to Yahoo for reportedly somewhere between $XX million and $XX million. With this VC money in hand and a team of XX employees from creatives like artists and writers to technical developers and PMs they built this video game called Glitch whose characters and art looked like they were designed by Monty Python crossed with Dr. Seuss on acid But despite a launch with much fanfare nobody liked"
TikTok Link @financefunfacts 2023-12-19T23:41Z 23.2K followers, 99.4K engagements

"$O pays a MONTHLY dividend and has done so consecutively for the last XX years Realty Income is an investor favorite for many reasons. There is a publicly traded stock that pays monthly dividends to its shareholders and they have consistently increased the dividend for XXX consecutive quarters or XX consecutive years without missing a beat. Not during covid not during the GFC. I think many investors already know that this company is Realty Income ticker $O - just the letter $O. Realty income is REIT and operates 13100 real estate properties the majority of which are held under long-term net"
TikTok Link @financefunfacts 2023-12-13T21:28Z 23.2K followers, 175.2K engagements

"Breakups are expensive: when AT&T failed to purchase T-Mobile it ended up with a $X billion break up fee On March XX 2011 AT&T announced a monster $XX billion deal to purchase T-Mobile from German telecom giant Deutsche Telekom. While it was questionable whether the deal would pass regulatory scrutiny just months before Comcast and NBC completed their $XX billion merger so AT&T thought why not give it a shot But the US Justice Department was quick to block on anti-competitive grounds and AT&T knew if it went to trial it would be a long drawn out but most importantly uphill battle so they"
TikTok Link @financefunfacts 2024-02-24T20:00Z 23.2K followers, 19K engagements

"Regulators found that XX% of Ernst & Youngs recent audits had flaws. The PCAOB (Public Company Accounting Oversight Board) was spot-checking and looked over XX of EYs audits. It found that nearly half of them had deficiencies. Whats more surprising is according to the FT article I read the PCAOB found that the Big Four audit firms have an average flaw rate of 30%. Erica Williams said earlier this year the number of deficiencies found in audit work was rising to completely unacceptable levels across the industry and firms should no longer hide behind the disruptions caused by Covid as excuses."
TikTok Link @financefunfacts 2023-11-16T02:59Z 23.2K followers, 56.5K engagements

"The most random businesses are in Omaha including the maker of camouflaged natural telecom towers. Valmont Industries $X billion market cap. Ticker $VMI. Its just a really random business but they make a lot of cool and important devices. Theyve got - energy transmission segment - telecom segment where they make small cell towers and natural towers - lighting and transportation segment where they make traffic poles (lots of variations) - coatings segment - renewables segment where they make solar trackers (the stands that tilt solar panels throughout the day) - agriculture segment (well they"
TikTok Link @financefunfacts 2023-11-27T21:56Z 23.2K followers, 22.4K engagements

"Supermicro More like super stonks 😝 The latest company to join the S&P XXX is a stock that has 20xd in the last X years. The company is called Super Micro Computer and their business is designing and manufacturing computers servers networking switches and cooling systems. They sell to enterprises who still compute on-premise as well as data centers including the so called hyperscalers. Amazingly no single customer represents more than XX% of their sales but Supermicro absolutely needs semiconductors produced AMD Nvida Intel. Charles Liang founded the company in 1993 and it has made a profit"
TikTok Link @financefunfacts 2024-03-03T01:53Z 23.2K followers, 20.1K engagements

"Yesterday I shared the story about how in 2005 a trader at Mizuho accidentally put in an order to sell 610000 shares of a stock called J-Com for X yen (instead of an order to sell X share at 61000 yen each). That video provides good context so watch that first but the tl;dr is Mizuho ended up losing $XXX million USD because the Tokyo Stock Exchange had a glitch that prevented Mizuhos order from being canceled. In the aftermath of the snafu the president of the Tokyo Stock Exchange (Takuo Tsurushima) resigned. And there was public backlash towards the institutional investors who "exploited""
TikTok Link @financefunfacts 2023-12-27T20:56Z 23.2K followers, 38K engagements

"You can earn about a X% interest rate from money market funds which makes them a very attractive alternative to HYSAs. According to BankRate the national average for savings accounts is still a paltry 0.57%. But here are some of the highest listed on their site so between XXX% to X% interest rate. I dont have accounts with any of these so I cant speak to how good they are. But money market funds yield basically the same and are just as liquid. For example $SPAXX offered by Fidelity has a XXXX% yield right now with a XXXX% expense ratio for an all in interest rate of 4.5%. And Schwabs $SWVXX"
TikTok Link @financefunfacts 2023-11-15T21:59Z 23.2K followers, 6120 engagements

"On Thurs December X 2005 a trader at the Japanese bank Mizuho put in an order for a job recruiting company called J-Com. The trader wanted to sell X share at 610000 yen (or about $5000 USD) but by mistake he accidentally switched the numbers. The order that went out was to sell 610000 shares of the company for X yen each (less than a single cent) To make matters even worse Mizuho didnt have 610000 shares of the stock. In fact 610000 shares was XX times the total number of shares outstanding. Within XX seconds the trader and Mizuho to realize this simple but deadly mistake and tried to cancel"
TikTok Link @financefunfacts 2023-12-27T06:28Z 23.2K followers, 326.4K engagements

"Zoetis $ZTS is an $XX billion company that keeps your pets healthy but youve probably never heard of them. It was actually Pfizer's $PFE animal health subsidiary until 2012 when it was spun off into its own company Zoetis develops manufactures and commercializes a ton of different medicines vaccines and diagnostic products for animals both livestock and companion animals. In recent years slightly slightly less than half of its revenues are from products geared towards farm animals (cattle pigs poultry and so on) with the other slightly larger half coming from animals that people do not eat"
TikTok Link @financefunfacts 2023-11-16T22:53Z 23.2K followers, 4886 engagements

"The Buffett Put: Berkshire keeps buying Occidental Petroleum when it dips under $XX For X trading days in a row last month between June X and XX Berkshire bought X million shares at an average price of $XXXXX bringing their ownership to XXXX% DISCLAIMER: All information is given for educational purposes and is not financial advice. I do not provide recommendations and am not responsible for investment actions. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results. Explanations are not guaranteed to be error-free. #Buffett"
TikTok Link @financefunfacts 2024-07-20T21:22Z 23.2K followers, 27.5K engagements

"$TTC makes lawnmowers and is worth $X billion Just a humble Midwestern company gettin' it done. There is a publicly traded lawnmower company. Its also worth $X billion. Its The Toro Company. They are headquartered in Minnesota in a suburb of Minneapolis called Bloomington. They mostly design and build lawnmowers but also have their toes in snow blowers and irrigation systems. Approx XX% of their sales come from individuals with the other XX% from professionals/businesses. I cant speak for management but it looks like theyve intentionally moved towards the B2B side. According to Wikipedia in"
TikTok Link @financefunfacts 2023-11-25T22:43Z 23.2K followers, 15.8K engagements

"Buffetts First Ever Investment Resurfaces in Recent Purchases of Occidental Petroleum The first stock Warren Buffett ever bought was the preferred stock of a company called Cities Service. As told by Alice Schroeder in her book The Snowball the year was 1942 buffett was XX and X shares of Cities Service at $XX 1/4 per share was the culmination of X years of selling golf balls or peddling popcorn and peanuts at the ballpark DISCLAIMER: All information is given for educational purposes and is not financial advice. I do not provide recommendations and am not responsible for investment actions."
TikTok Link @financefunfacts 2024-07-21T21:15Z 23.2K followers, 9725 engagements

"The Largest and Most Expensive Proxy Battle in Corporate American History: Procter & Gambles 2017 Annual Meeting About six years ago in July 2017 activist investor Trian Partners launched a proxy contest at Procter & Gamble after acquiring a $XXX billion position. Trian was led by Nelson Peltz who wanted a board seat and called out management for anemic sales growth poor shareholder returns deteriorating market share and excessive bureaucracy. The shareholder meeting was held in October 2017 and according to the HBS case study on this Trian had the support of many large institutional"
TikTok Link @financefunfacts 2024-02-18T08:25Z 23.2K followers, 25.9K engagements

"Inside the Federal Reserve Bank of Chicago Thank you to the Chicago Architecture Center for hosting 2024's Open House Chicago and to Austan Goolsbee and other Chicago Fed staff for volunteering their weekend DISCLAIMER: All information is given for educational purposes and is not financial advice. I do not provide recommendations and am not responsible for investment actions. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results. Explanations are not guaranteed to be error-free. #FederalReserve #ChicagoFed #OpenHouseChicago"
TikTok Link @financefunfacts 2024-10-22T20:19Z 23.2K followers, 11.8K engagements

"How mathematician Ed Thorp uncovered a financial mystery X decades before the public found out. #spoiler In 1991 the consulting firm McKinsey was reviewing how its pension fund portfolio was doing when they found one with a returns graph that looked like this: The analysts at McKinsey were quite stumped and they brought in a consultant of their own: Ed Thorp. You see Ed Thorp is known as the father of the quants: hes a renowned mathematician best known for his contributions to option pricing theory and role in developing quantitative trading strategies. This seemed a little suspicious to"
TikTok Link @financefunfacts 2023-12-01T02:37Z 23.2K followers, 688.6K engagements

"Citgo is Owned by Venezuela but Probably Not For Much Longer CITGO one of the nations largest independent refiners has been owned by Venezuela for the last XX ish years but is currently being auctioned off in what could lead to one of the largest court sales in U.S. history So how did we get here In the last video i talked about Occidental Petroleums 1982 acquisition of CITGO. Well Occidental was primarily interested in CITGOs exploration and production assets so just one year after their acquisition Occidental sold CITGOs brand and its refining and transportation divisions to Southland the"
TikTok Link @financefunfacts 2024-07-24T19:17Z 23.2K followers, 6271 engagements

"There are sooo many regional banks in the US including the proud Fifth Third here in the Midwest. #finance #banking #regionalbanks #FifthThird #Midwest #communitybanks #trivia"
TikTok Link @financefunfacts 2023-10-29T22:22Z 23.2K followers, 23.5K engagements