After 32 S&P 500 companies have reported earnings, companies in the index are beating Wall Street's expectations by an average of 9% on earnings per share, according to Bank of America Research's equity strategy team.
The same could be said for the S&P 500, which is up nearly 1% since Pepsi reported strong results on Oct. 10. Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.
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