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Buffett techs stance pays off

US investment guru Warren Buffett has answered the critics who slammed his decision to stay out of technology last year.

With the Nasdaq now about 60 per cent off its 2,000 peak, Buffet scorned those who had jumped on last year&#39s tech bandwagon and are now sustaining heavy losses.

Because of his stance, the share price of his US insurance company, Berkshire Hathaway, has soared to a two-year high while the Nasdaq has slumped.

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John Ions

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Gartmore takes share of Inter-Alliance

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What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]

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