Warren Buffett’s Advice For The 2023 Recession
Published: 2023-05-08
Status:
Available
|
Analyzed
Published: 2023-05-08
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The US dollar is currently the world's primary reserve currency, and there is no immediate alternative.
"as of right now the US dollar is the number one world Reserve currency and as of right now there is no viable alternative to it"
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Warren Buffett is bearish on bank stocks due to misaligned incentives in the banking system.
"from the investment side he does not like Bank stocks"
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Berkshire Hathaway significantly reduced its holdings in commercial banks between 2020 and 2022, retaining only a few specific institutions.
"he sold a majority of his commercial Banks from 2020 to 2022. he still has a couple Holdings like Ally Bank Bank of America and Citigroup but for the most part he's been letting go of his bank stocks"
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Charlie Munger believes that while AI can change the world, it will not alter fundamental human thoughts, behaviors, wants, or needs.
"new technology is not going to change human thought and human behavior and that What Makes Us fundamentally human those wants and those needs that will stay the same"
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Value investors should anticipate lower returns and a more challenging environment due to increased competition and fewer opportunities.
"investors should expect lower returns from the stock market I think value investors are going to have a harder time now that there's so many of them competing first a diminished bunch of opportunities so my advice to Value investors is to get used to making less"
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Berkshire Hathaway is projected to perform significantly better in ten years than it is currently.
"10 years from now Berkshire Hathaway will be doing much better than they are today"
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New developments do not eliminate investment opportunities; rather, opportunities arise from others making poor decisions.
"the world will never run out of investing opportunities and that's because of this new things coming along don't take away the opportunities what gives you opportunities is other people doing dumb things"
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Berkshire Hathaway maintains a large cash reserve of $130 billion in anticipation of investment opportunities arising from others' poor financial decisions.
"people doing dumb things is exactly why Berkshire Hathaway has a huge cash pile of a hundred thirty billion dollars"
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Warren Buffett anticipates challenging economic times, not necessarily a 2008 repeat, where companies that are overleveraged or have spent heavily on buybacks will struggle when debts become due.
"he does expect Hard Times ahead not necessarily a repeat of 2008 but he says that when the bills come due very few companies can capitalize on the situation because most of them are either over leveraged and they borrowed too much money or they spent most of their cash on share BuyBacks"
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Apple is considered a unique and highly valued business within Berkshire Hathaway's portfolio.
"the one business that's unlike any other business that they own is Apple"
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Warren Buffett advises individuals to write their own obituary to clarify their life goals and then work towards achieving those aspirations.
"you should write your obituary and try and figure out how to live up to it"
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Kindness is a better predictor of having friends than wealth, as financially successful individuals have been observed to die without close relationships.
"I've never known anybody that was basically kind that died without friends and I've known plenty of people's money that have died without friends"
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Consider the consequences before speaking negatively, as once words are uttered, they cannot be retracted.
"before you exercise it and say something negative think about the consequences because once it's said it cannot be unsaid"
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