Billionaire Terry Smith, often called “the English Warren Buffett,” argues that replicating Buffett’s success is impossible today. He cites Munger’s influence, leveraging insurance float, and Berkshire’s closed-end structure as key advantages. Smith also points to a changed regulatory environment and the dominance of ETFs as barriers.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur
July 8, 2025