Core Insights - Warren Buffett's investment strategy focuses on determining whether a business is undervalued compared to its market price rather than trying to time the market or predict short-term stock movements [2][5] - Berkshire Hathaway has achieved a compound annual growth rate of approximately 20% since 1965, significantly outperforming the S&P 500's 10.4% during the same period [3][4] Investment Strategy - Buffett's approach of buying fundamentally undervalued stocks has proven successful, but he has recently identified that many equities in Berkshire's portfolio may be overvalued [5] - Berkshire Hathaway has been a net seller of stocks for 10 consecutive quarters, selling $174 billion more than it purchased during this period [5] Portfolio Adjustments - Significant reductions in holdings include a 67% cut in Apple and a 39% reduction in Bank of America [6][12] - Apple remains the largest holding in Berkshire's portfolio, accounting for nearly 22% of its value, but its high forward P/E ratio of 29 has led Buffett to refrain from adding to this position [11][10] Cash Management - Berkshire Hathaway has accumulated substantial cash from stock sales, with $314.1 billion in U.S. Treasury bills yielding an average of 4.3%, expected to generate $13.5 billion in interest in 2025 [15][16] - Despite the significant income from Treasury bills, Buffett prefers to invest in equities rather than bonds, emphasizing a long-term commitment to equity investments [17] Market Valuation Challenges - The current market presents challenges for Buffett, as many large-cap stocks are trading at high valuations, limiting the universe of investable stocks for Berkshire [18] - Smaller and mid-cap stocks are trading at more attractive valuations, suggesting potential opportunities outside of the largest companies [19][20]

Ondo is a category-defining tokenization protocol with nearly $1.4B in TVL.Their compliance-first approach and institutional-grade focus have set the industry standard for tokenization.Now, they're bringing USDY to the fastest L1.RWAs Move Faster on Sei. ($/acc)Sei (@SeiNetwork):Tokenized US Treasury Bills are coming to Sei! 🇺🇸@OndoFinance is bringing its flagship product, USDY, with over $680M in TVL, to the fastest L1 blockchain.Institutional-grade assets meet institutional-grade infrastructure.Markets Mo ...

Series RIKV 25 1119Settlement Date 07/16/2025Total Amount Allocated (MM) 19,612All Bids Awarded At (Price / Simple interest) 97.392/7.651Total Number of Bids Received 25Total Amount of All Bids Received (MM) 38,212Total Number of Successful Bids 17Number of Bids Allocated in Full 17Lowest Price / Highest Simple Interest Allocated 97.392/7.651Highest Price / Lowest Simple Interest Allocated 97.476/<td style="border-right: solid black 1pt ; text-align: right ; vertical-align: m ...

Group 1 - The Icelandic Government will auction Treasury bills in the Series RIKV 25 1119 with an ISIN number of IS0000037547, maturing on November 19, 2025 [1] - The auction will take place on July 14, 2025, between 10:30 am and 11:00 am [1] - Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date, which is July 16, 2025, and the bills will be delivered in electronic form on the same day [1] Group 2 - Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction available on the Government Debt Management website [2] - For additional information, contact details for Magnús Freyr Hrafnsson from Government Debt Management are provided [2]

分组1 - SoFi announced monthly distributions for the SoFi Enhanced Yield ETF (THTA), with a distribution of $0.1504 per share, equating to a distribution rate of 12.00% and a 30-day SEC yield of 4.18% [2][3] - THTA, launched on November 15, 2023, aims to generate current income by holding U.S. government securities and employing a credit spread option strategy [3][2] - The ETF is a collaboration between SoFi, Tidal Investments LLC, and ZEGA Financial LLC, focusing on innovative investment strategies and enhancing yield for investors [3][5][6] 分组2 - Tidal Investments LLC is dedicated to revolutionizing ETF development and marketing, providing tools and methodologies to enhance growth potential in a competitive market [5] - ZEGA Financial LLC specializes in derivatives and offers innovative hedging strategies to help investors navigate volatile markets, leveraging technology and proprietary strategies [6] 分组3 - SoFi's mission is to assist individuals in achieving financial independence, emphasizing that financial independence is not solely about wealth but about making money work for personal goals [4]

Series RIKV 25 0917RIKV 25 1217Settlement Date 06/11/202506/11/2025Total Amount Allocated (MM) 1,80019,400All Bids Awarded At (Price / Simple interest) 97.947/7.70096.115/7.699Total Number of Bids Received 622Total Amount of All Bids Received (MM) 2,30020,000Total Number of Successful Bids <td colspan="3" style="border-right: solid black 1pt ; border-left: solid black 1pt ...

BIS Working Papers No 1270 Stablecoins and safe asset prices Rashad Ahmed and Iñaki Aldasoro Monetary and Economic Department May 2025 JEL classification: E42, E43, G12, G23 Keywords: stablecoins, Treasury securities, money market funds, safe assets BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The papers are on subjects of topical interest and are technica ...

Summary of Key Points Core Viewpoint - The document provides detailed information on two bond series, RIKV 25 0820 and RIKV 25 1119, including their settlement dates, total amounts allocated, bid details, and interest rates. Group 1: Bond Series Details - RIKV 25 0820 has a total amount allocated of 2,680 million, while RIKV 25 1119 has a total amount allocated of 8,200 million [1] - Both bond series have a settlement date of May 21, 2025 [1] Group 2: Bids and Pricing - The total number of bids received for RIKV 25 0820 is 9, with a total amount of all bids received at 10,130 million, while RIKV 25 1119 received 23 bids totaling 18,300 million [1] - The weighted average of successful bids for RIKV 25 0820 is 98.068 at a simple interest of 7.794, and for RIKV 25 1119, it is 96.245 at a simple interest of 7.717 [1] Group 3: Allocation and Ratios - Both bond series experienced a 100% percentage partial allocation [1] - The bid to cover ratio for RIKV 25 0820 is 3.78, indicating strong demand, while RIKV 25 1119 has a bid to cover ratio of 2.23 [1]

SeriesRIKV 25 0820RIKV 25 1119ISINIS0000037216IS0000037547Maturity Date08/20/202511/19/2025Auction Date05/19/202505/19/2025Settlement Date05/21/202505/21/2025 On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electro ...

Group 1 - The winning bid rate for U.S. Treasury auctions as of May 8 is 4.225%, slightly up from the previous rate of 4.24% [1]