Weekly Wrap For The Week Ending April 22nd 2022

Weekly Wrap For The Week Ending April 22nd 2022

almost 2 years ago1 min

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Key takeaways from this week:

  • Netflix reported its first loss of subscribers for over ten years last quarter and since it expects more of the same this quarter, investors sent its stock plunging
  • China's economy grew by more than expected last quarter but that growth's already started to peter out, with signs the country's zero-Covid policy lockdowns are now hitting consumers
  • Consumer giant Procter & Gamble's demonstrated its pricing power last quarter as consumers still flocked to its staple products despite substantial price rises

And if you're gonna read one insight this week, make it this one looking at three pearls of wisdom from Warren Buffett's mentor Benjamin Graham.

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