8 Most Important Lessons from the 2022 Berkshire Hathaway Annual Meeting

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Investor Center

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@harryaurelian
@harryaurelian 2 жыл бұрын
It's amazing to me that people stay awake at night thinking how to get rich, when all you have to do is listen and learn from these two, literally watch every video on both of them and all their annual meetings. It’s free!
@techdova1021
@techdova1021 2 жыл бұрын
Then act on it and stay disciplined.
@idontgetscared
@idontgetscared 2 жыл бұрын
Yea that’s what I settled for ultimately. Just buy berk and follow what Buffett bought. It won’t be late to buy after the news hit since he doesn’t buy stocks for 10-20% gains anyway. I mean he’s the best in the world so no reason not to copy.
@harryaurelian
@harryaurelian 2 жыл бұрын
@@techdova1021 my guy ive watched all of these and been investing for years lmao
@harryaurelian
@harryaurelian 2 жыл бұрын
@@idontgetscared it's a good idea, mohnish pabrai is one of the best copy cat investors
@clausius594
@clausius594 2 жыл бұрын
Listen to them won't make you rich. Working and learning by yourself to bring value will make you rich.
@sir_crab2080
@sir_crab2080 2 жыл бұрын
May God keep this couple with us for long they are a living example of hard honest constructive work, sacrifice, and healthy desirable values they are among my most important references in life
@Monk-Amani.
@Monk-Amani. 2 жыл бұрын
Definitely one of my best subscriptions. Very informative and educational. I appreciate the effort placed in its production.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
I really appreciate those kind words :)
@rajeshupadhyay5683
@rajeshupadhyay5683 2 жыл бұрын
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement.
@ericalorraine7943
@ericalorraine7943 2 жыл бұрын
​@@rajeshupadhyay5683Lookup Priscilla Dearmin-Turner, she's the real investment prodigy and has also help me handled my trades for over 16 months now
@lezliewhicker8450
@lezliewhicker8450 2 жыл бұрын
A news host spoke so highly of this💕 Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since
@davidhudson3001
@davidhudson3001 2 жыл бұрын
@@ericalorraine7943I just look up her name and found her webpage, thanks🙏
@Xt4209
@Xt4209 2 жыл бұрын
I love these guys I hope they live forever last of the honest ones
@DiabloNemes
@DiabloNemes 2 жыл бұрын
🙂🙂🙂🙂
@ujjwaltripathi1178
@ujjwaltripathi1178 2 жыл бұрын
Being incorruptible is a very rare and under-appreciated quality. These two are great at it.
@christopherarmstrong2710
@christopherarmstrong2710 2 жыл бұрын
Just like Munger's hero - Lee Kuan Yew, founder of Singapore.
@Dividendless
@Dividendless 2 жыл бұрын
I love this channel so much. There's more value here than anywhere else on youtube. I don't have time to listen to 8 hours of these guys, so thank you very much for consolidating the highlights.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
I’m glad it was helpful!
@DavidJGlad
@DavidJGlad 2 жыл бұрын
There is a youtuber who makes a "time saver" edit of each of these meetings to strip out all the fluff/flattery and just hear Buffett & Munger talk. Of course you can go with 2x playback as well on these videos. Probably good to play if only to properly condition one's psyche.
@aravinda6512
@aravinda6512 2 жыл бұрын
Thank you for editing the 6 hour long video to the useful 22 minutes!
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Glad it was helpful:)
@Braveheartman123
@Braveheartman123 2 жыл бұрын
I’m 60 and if I could invest over again starting in 1988 when I first started, I would have invested in a few S&P 500 low fee mutual funds and kept adding to them, along with buying multi family rental properties, and keep buying them whenever possible. I’d be worth at least 10x what I am now. I was the hare, and I got beaten by the tortoise.
@thinkbigforbusiness2289
@thinkbigforbusiness2289 2 жыл бұрын
Thanks for creating this summary. Uncles Warren and Charlie are true sages. It is worth every minute listening to their wisdom.
@warrenhaines1717
@warrenhaines1717 2 жыл бұрын
Thanks very much for spending the time to edit this down to a decent length. I enjoyed it immensely.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you! Glad you enjoyed it
@mugishagabriel6074
@mugishagabriel6074 2 жыл бұрын
charlie munger is 98 damn. many people at that age are vegetables at 80. respect mr munger
@inertiaforce7846
@inertiaforce7846 2 жыл бұрын
That's what happens when you're worth $100 billion or whatever lol
@annlee88-r4l
@annlee88-r4l 2 жыл бұрын
Very good summary of the really long convention, with key points revealed. Thanks for sharing!
@dr.buzzvonjellar8862
@dr.buzzvonjellar8862 2 жыл бұрын
Everything you need to know about investing can be learned from Warren and Charlie. The fundamental trick is to buy quality and be patient.
@diamondgeezertunes
@diamondgeezertunes 2 жыл бұрын
Two of the top dogs in the cash kingdom .. Great content and keep up the good work ..
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you! :)
@charlottez9890
@charlottez9890 2 жыл бұрын
These two old gentlemen have a great sense of humor
@robhuang4245
@robhuang4245 2 жыл бұрын
Another great video. Great job on selecting the highlight of the meeting. I always come away with learning something from these clips. Refreshing that he and Munger don’t just sit up there and tell everyone just how great they are. They’re not afraid to admit to mistakes and don’t take themselves too seriously.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you, Rob!
@jahangirkhan3342
@jahangirkhan3342 2 жыл бұрын
@hansdoreen
@hansdoreen 2 жыл бұрын
It's laughable that ppl with a few million dollars or less asset try to judge Buffett/Munger's way of investing/decision making, saying they're out of touch. It's important to know managing a few million dollars is extremely different than managing hundreds of billions of dollars.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
I agree with this!
@ConsciousnessExplored
@ConsciousnessExplored 2 жыл бұрын
Same thing ,
@providencez9496
@providencez9496 2 жыл бұрын
I don't see bill gates, Jamie Dimon or Tim Cook listening to those guys managing millions which called this 2 sage outdated. Those guys just dunno wth they are talking about and with a few millions dollars they think they are superior than warren and Charlie.
@avarmauk
@avarmauk 2 жыл бұрын
They definitely are out of touch and clearly spout incoherent nonsense. I mean who would ask a 98 year old about an emerging technology? You dumb or what?
@NoName-hs3sf
@NoName-hs3sf 2 жыл бұрын
I think Charlie loves these events just to eat the free candy lol. These guys are almost 200 years old combined and they as sharp today as they were 30 years ago.
@christopherarmstrong2710
@christopherarmstrong2710 2 жыл бұрын
Au contraire! You should see his interviews on Yahoo Finance. Essentially, he claims that the shareholder meeting is the only day he eats peanut brittle and drinks coke. It's Warren's idea to have them out there on the table, because "Warren is such a salesman." (a brilliant and effective one, at that)
@1linkbelt
@1linkbelt 2 жыл бұрын
Thanks for your time!! You are a keeper.
@EmilioYepez
@EmilioYepez 2 жыл бұрын
This was excellent, grateful, but there may be more to share - a part 2 - but very grateful for this work
@josefadams647
@josefadams647 2 жыл бұрын
Thank you for this my virtual friend. Love your channel. I very much thought this was useful.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Hi! Glad you found the video helpful :)
@kwasg3
@kwasg3 2 жыл бұрын
I am always amazed how these guys boil everything down to some simple macro principle, which makes things "seem" simple. Thanks for vid, it was great!
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you! Glad the video was helpful :)
@missionpupa
@missionpupa 2 жыл бұрын
Things are actually really simple. People who explain things in complex ways tells you they don't really understand what they're explaining.
@marygbilah2176
@marygbilah2176 2 жыл бұрын
My Grandpa got scammed and it ruined his self esteem, made him feel incompetent, thank you for hoping people I really appreciate this Ma'ma. ✊💭
@scottknapp2814
@scottknapp2814 2 жыл бұрын
OMG 🤔? I'm really sorry for such an experience Okey🙏
@rollynieva7643
@rollynieva7643 2 жыл бұрын
@@obipiusodu8699 OMG! You Trade With Mrs. Lauren Simmons too I thought 🤔people don't know her that well... she's really awesome!
@joshuaigo3151
@joshuaigo3151 2 жыл бұрын
@@rollynieva7643 Just made my first withdrawal last week and I wasn't happy with myself because I was skeptical which made me invest so law meanwhile I'm on my second trade with her and this time I invested in a big way.
@christinajack2407
@christinajack2407 2 жыл бұрын
@@joshuaigo3151 Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
@christinajack2407
@christinajack2407 2 жыл бұрын
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
@ericdoheny9108
@ericdoheny9108 2 жыл бұрын
When I invest in oil, I think of being on the rig and my cash buying fuel for a couple days, or solvents/rags, pumps, radiator, crankshaft parts...hoses, centrifuge with solids control contractors, etc Oil & Gas is technical, too. Service provider technology is state-of-the-inclination & azimuth
@marryson123
@marryson123 2 жыл бұрын
Buffett certainly looks older now. I hope he can be around as long as possible.
@ericdoheny9108
@ericdoheny9108 2 жыл бұрын
Enerplus is drilling in North Dakota's Bakken formation (i drilled there back in 2011-13) Enerplus (mkt cap 3.5b) is trading @ 1.5x FCF Exxon (mkt cap 386b) trading @ 10.7x FCF
@tripsykerö
@tripsykerö 2 жыл бұрын
i was watching this and left my phone on my belly for a moment. suddenly charlie started talking and his voice was tickling my belly through the speaker
@seanirishedwards
@seanirishedwards 2 жыл бұрын
Fantastic video! Thanks for posting 😄
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you! Glad it was helpful 😊
@q4abetterlife
@q4abetterlife 2 жыл бұрын
Great editing, right on point. I love your content.
@mothballjim
@mothballjim 2 жыл бұрын
Very useful video. Thanks for taking the time to condense it!
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Glad you enjoyed it!
@joshuameyer1541
@joshuameyer1541 2 жыл бұрын
His argument is literally how I talked myself out of bitcoin. My most regrettable self talk ever.
@StCreed
@StCreed 2 жыл бұрын
And how do you feel now? He was right, he was just a bit early.
@PMLectures888
@PMLectures888 2 жыл бұрын
Crazy to think you can sit in the same room with these guys. One day I hope I can learn enough to be able to do a fraction of what they do
@InvestorCenter
@InvestorCenter 2 жыл бұрын
It’s all about learning. Got to be a “learning machine” as Charlie puts it!
@ravindertalwar553
@ravindertalwar553 2 жыл бұрын
I feel highly obliged and humbled by the Grace of Almighty God 🙏🙏🙏❤️❤️ and your magnanimity.
@leximaddison8525
@leximaddison8525 2 жыл бұрын
For decades, government policy has been borrowing from the future. The day of reckoning is coming. I expect the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, There's going to be no cash in the banks.... You need a survival plan.
@jameswong3533
@jameswong3533 2 жыл бұрын
We are where we are because we ignored the fact that there’s no such thing as a free lunch.
@hudsonrowan2522
@hudsonrowan2522 2 жыл бұрын
To manage investment risk consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline Because investing can be complicated. Consider working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out.
@troypaul5608
@troypaul5608 2 жыл бұрын
@@hudsonrowan2522 your assertion that as we age we become more risk averse rings so much true to me. Can you recommend any fiduciary Financial Advisor?
@hudsonrowan2522
@hudsonrowan2522 2 жыл бұрын
@@troypaul5608 'ALEXIS GEORGEANNA HERMAN' does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@marcusgregory6917
@marcusgregory6917 2 жыл бұрын
@@hudsonrowan2522 My previous financial advisor didn't want me to pay off my house (I'm 52 and close to retirement) and talked about lost opportunity and all that. Makes more sense to pay it off and be debt free going into retirement vs the little bit of return I'm going to get in the market. But the way I look at it is they aren't looking out for me as much as they are looking out for more revenue for them by managing a larger portfolio. I guess I'm cynical. I will give ALEXIS a try as i can see she is SEC regulated and has an amazing track record. Appreciate!!
@jackzedner3028
@jackzedner3028 2 жыл бұрын
I’d probably buy Buffet coin
@missionpupa
@missionpupa 2 жыл бұрын
Boolish
@vinay4886
@vinay4886 2 жыл бұрын
Re. Timing the markets, these big investors do time the market- but indirectly. They have an army of accountants who value companies constantly and when the market goes up, the companies look expensive and they don’t buy; conversely when markets are down, these companies look cheap and they buy! So they do time the market; foolish to believe otherwise…
@kevinfarrell2897
@kevinfarrell2897 2 жыл бұрын
good point
@StCreed
@StCreed 2 жыл бұрын
That's not what timing the market means.
@jing45208
@jing45208 2 жыл бұрын
I love to see these two wise men in 2022. Stay happy! 💕
@libbylepage2323
@libbylepage2323 Жыл бұрын
Much better than rehab. Thanks 🙏
@ivankristina7435
@ivankristina7435 2 жыл бұрын
With the persistent inflation so far, would you agree with me, investing is the best decision you should make?
@aaronheather78
@aaronheather78 2 жыл бұрын
Few months ago I liquidated my crypto assets worth 27 grand initially was sitting at over triple that amount. But right now I just don't know what the future hold.
@gregorydennis3409
@gregorydennis3409 2 жыл бұрын
For a newbie, what do you suggest is best?
@ivankristina7435
@ivankristina7435 2 жыл бұрын
@@gregorydennis3409 If you seek my advise, I suggest you get an advisor, We are in a Bear Market currently, meaning declining market. But pro and cons about the bear market is that people are still making profits and losses. This is why an Advisor is a game changer cos they have the experience and losses mean they lose clients and credibility. No pro wants that for themselves. I would recommend Angela Farrington, she's licensed and just two months in and I'm making profits and gaining knowledge.
@chriswoods1679
@chriswoods1679 2 жыл бұрын
@@ivankristina7435 Do you know of any licensed advisor you can recommend in the states?
@gregorydennis3409
@gregorydennis3409 2 жыл бұрын
@@ivankristina7435 Please how do I get in touch with your advisor?
@brendansullivan4872
@brendansullivan4872 2 жыл бұрын
The best way to invest is to ask your friend that sucks at investing to first crash the market and then you jump in and buy. Easy formula for winning.
@Northwest3dDesign
@Northwest3dDesign 2 жыл бұрын
🤦
@Northwest3dDesign
@Northwest3dDesign 2 жыл бұрын
Lol
@ashleybrett960
@ashleybrett960 2 жыл бұрын
Hello. I'm actually looking for a good trader that can help me trade and make a good profit, I've been seeing so many recommendations but I don't think they're trusted. Please do you have any recommendations?
@ashleybrett960
@ashleybrett960 2 жыл бұрын
@Hillary Wyrick Please how do I reach your expert Priscilla ? I'll be glad to know more about the service she offer.
@ashleybrett960
@ashleybrett960 2 жыл бұрын
I found her website, thanks
@donepisto636
@donepisto636 2 жыл бұрын
Priscilla Diane AIvazian made me my financial freedom.
@NateNismo
@NateNismo 2 жыл бұрын
Check Capital Management Inc, based in Costa Mesa holding 1.6 Billion Dollars of Stocks/Bonds. I recommend them.
@adrianaproudcatholic
@adrianaproudcatholic 2 жыл бұрын
I do not understand anything about Wall Street,but it looks Las Vegas. What I earned with Nasdaq , I lost. Time ago, all big players said= the prices are going down due to an adjustment. Today, it is going to 50% loses. Buy cheap. Who wins? who can lose 2 billions from 100 billions? Who wins on Las Vegas?
@leswhynin913
@leswhynin913 2 жыл бұрын
Great compilation
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thanks!
@menderiic0895
@menderiic0895 2 жыл бұрын
Great content. Thank you.
@alanwsh4138
@alanwsh4138 2 жыл бұрын
Great video! Do you have a link to the full annual meeting? I've searched on CNBC and Yahoo Finance but can only find snippets and not the full thing. Thanks!
@leswhynin913
@leswhynin913 2 жыл бұрын
The only drawback to this channel is that the narrator's voice is haunting my dreams.
@oceansep4103
@oceansep4103 Жыл бұрын
11:59 always eat when you’re nervous. Charlie’s lowkey that guy if you know you know if you don’t then you don’t know
@joycekoch5746
@joycekoch5746 2 жыл бұрын
These two make Palpatine look like a youngster.
@KP-uj1wf
@KP-uj1wf 2 жыл бұрын
Thx for all the work you put into this! Did you get to go to Omaha this year as you were hoping to? Cheers!
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Yes I did! I’m actually going to make a “vlog” style video about it sometime this next week or so!
@haidermalik3282
@haidermalik3282 2 жыл бұрын
Subscribed after seeing how much effort is being put into producing these clips. Great Stuff. Thank You
@jeffrhodes5537
@jeffrhodes5537 2 жыл бұрын
Omg! Very well thought out. Scammers playing. Use caution are you well get scammed
@neilbahalnegen
@neilbahalnegen 2 жыл бұрын
Pure genius. 100% pure genius.
@k000shitij
@k000shitij 2 жыл бұрын
Bitcoin is unique technology which can not be compared with real estate or any other assets.
@LandingBusiness
@LandingBusiness 2 жыл бұрын
If you owned all the bitcoin the value would indeed be lost. That’s the point. Who owns your dollar? Hmmm
@susymay7831
@susymay7831 2 жыл бұрын
The video maker has a nice voice, so I pressed the Like button three times.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
I appreciate this kind comment!
@wesjimez2941
@wesjimez2941 2 жыл бұрын
I love how Warren Buffett praised the bailout and talks about how great capitalism is.
@mikegollihugh7992
@mikegollihugh7992 2 жыл бұрын
Glad someone else caught that, without constant forever bailouts, Buffett would be rich. He'd be jumping out the window. Good riddance, he's a poison pusher
@pmhum
@pmhum 2 жыл бұрын
Thank you for sharing this.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
You are welcome!
@marymary4868
@marymary4868 2 жыл бұрын
they're old men now taking a well-earned bow - convinced their efforts were worthwhile.
@lazytradermidset
@lazytradermidset Жыл бұрын
18.30, he talks about commercial paper. What it is that he is referring to?
@diamondcobra5150
@diamondcobra5150 2 жыл бұрын
thankfully this system is starting to crumble for good in America. I'm an American communists, and we are the future and true system that'll make America prosperous once and for all.
@billr5842
@billr5842 2 жыл бұрын
Gotta love the cryptobros desperately trying to convince people that bitcoin is the answer. They need it pumped up so they can make their quick bucks and exit their positions.
@brandonsanon-jules7223
@brandonsanon-jules7223 2 жыл бұрын
I don't think anyone who 'truly' invests in Bitcoin would exit their positions. That would be asinine.
@billr5842
@billr5842 2 жыл бұрын
@@brandonsanon-jules7223 Except they do. That's why it crashed 50% multiple times recently. Very few people are actually trying to truly invest in bitcoin. You need lower investors to prop it up so a few can make all their money.
@brandonsanon-jules7223
@brandonsanon-jules7223 2 жыл бұрын
@@billr5842 that's true... same with the stock market. People gamble the market instead of truly investing. Selling at a lost instead of patience. As buffet says, "The stock market is a device for transferring money from the impatient to the patient." I believe the same will hold try for legit crypto currencies.
@brandonsanon-jules7223
@brandonsanon-jules7223 2 жыл бұрын
Also maybe the selling(of some is the selling) came from holders that exit some of they positions who bought when it was under 1k of even under 100 dollars. I mean if I 600x or 60x my money, I would exit some of my positions as well.(I'm still hurt that my college teammate mentioned bitcoin to me in 2011 lol and instead of buying it I thought it doesn't make sense 😅, my 278,476% non gain).
@makedafindlay9398
@makedafindlay9398 Жыл бұрын
How do I get a meeting pass for 2023. If I am not a shareholder?
@superfluous5162
@superfluous5162 Жыл бұрын
Buy a share and sell it after meeting
@aconsideredmoment
@aconsideredmoment 2 жыл бұрын
Thanks.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
You are welcome :)
@LivingWithGout
@LivingWithGout 2 жыл бұрын
Lolol I don’t like to torture anybody…except bankers.
@InvestorCenter
@InvestorCenter 2 жыл бұрын
😂😂😂
@LivingWithGout
@LivingWithGout 2 жыл бұрын
@Ahmet Adamson yup! Know and understand the difference between investment and speculation/gambling.
@LivingWithGout
@LivingWithGout 2 жыл бұрын
@Eric . W. Apel and that’s what they teach, investment principles. Companies change, world change, but investment principles will always be the same.
@fatimamandy_fitlife5786
@fatimamandy_fitlife5786 2 жыл бұрын
@@LivingWithGout Well said, Investing is good but investing in the right things is the actual key to success.
@fatimamandy_fitlife5786
@fatimamandy_fitlife5786 2 жыл бұрын
There might be so many investment out there but if profit must be considered which is the actual sole aim of every investment then I'll advice you to go into bitcoin trading because it has a higher profit rate than most investments.
@YouChube3
@YouChube3 2 жыл бұрын
Where can I buy BuffetCoin? Asking for a friend
@Elaba_
@Elaba_ 2 жыл бұрын
He's selling it as candy.
@ssemombweandrew
@ssemombweandrew 2 жыл бұрын
👋 Present 👋 Welcome back from the Meeting! Hope you got a front seat. Thanks again for your efforts in making this great video. 👍
@InvestorCenter
@InvestorCenter 2 жыл бұрын
Thank you!
@wahyuramadhan195
@wahyuramadhan195 Жыл бұрын
Thanks ❤️❤️
@InvestorCenter
@InvestorCenter Жыл бұрын
You're welcome 😊
@WildcatWarrior15
@WildcatWarrior15 Жыл бұрын
How about the fact that Charlie Munger is 99 YEARS OLD
@jackiedai740
@jackiedai740 2 жыл бұрын
Can someone explain what warren was saying about inflation? I couldnt understand the advice he was giving.
@billmcllroy2275
@billmcllroy2275 2 жыл бұрын
Hello Jacky, how are you doing today?
@satcheradams153
@satcheradams153 2 жыл бұрын
Warren needs to make Berkshire coin.
@graydonrobson7471
@graydonrobson7471 Жыл бұрын
The most important lesson is go watch the whole thing. They do not waste a single word
@InvestorCenter
@InvestorCenter Жыл бұрын
I was there in person. Respectively, they did waste a lot of words
@QbicLT
@QbicLT 2 жыл бұрын
You are amazing!
@libbylepage2323
@libbylepage2323 Жыл бұрын
14:06 mmm that makes a lot of sense
@kamalchellani7412
@kamalchellani7412 2 жыл бұрын
Thank you
@fredrikfahre9017
@fredrikfahre9017 2 жыл бұрын
When he talks about bitcoin he says: "There's no more money in the room, it just changed hands.". Isn't that true with farmland and rental properties too? He also says he would like a stable unit of account, and then proceeds to be agains bitcoin. It's astounding.
@leswhynin913
@leswhynin913 2 жыл бұрын
Farm land and rental properties generate cash flow on a regular basis, so the assets grow in value over time. Not a zero sum game
@BestMods168
@BestMods168 2 жыл бұрын
@@leswhynin913 such a simple concept yet so many fail to understand it.
@jonmatrix2033
@jonmatrix2033 2 жыл бұрын
Bin watching buffet an munger since the mid 80s they are a school of knowledge on investing. High schools should be teaching this to kids . So the ones who catch on will make something of themselves instead of nothing.
@nintendosealed
@nintendosealed 2 жыл бұрын
How come they can't stop the stock market from crashing ?
@oneopinion5231
@oneopinion5231 2 жыл бұрын
I have so much respect for Buffet as an investor because he understands what he invests in. Having said that his view about crypto and Bitcoin is way off. I’m not referring to price because no one knows which way price will go. But he has not done his homework about the technology/blockchain. He should first do a deep dive and then say why the tech doesn’t work. Don’t forget Buffet has said in the past he does not understand technology and is not in his core competencies. Take his advice and invest in what you understand. And at the same time Buffet should follow his own philosophy and advice before commenting on tech that he doesn’t understand. He has admitted in the past that does not know how to email or use a smart phone. Not sure he should give financial advice as to why blockchain doesn’t work. Again perfectly fine to point out risks or issues with something but you need to first learn about it. Tech is not his strong point. Again I’m not saying Bitcoin or blockchain is the best. Just saying study it first and do some research. Ignore the hype. Criticize it after you understand how it works. Than you’ll have valid points which have some weight.
@KFGustavo
@KFGustavo 2 жыл бұрын
He doesn't need to understand the tech to understand it as an investment. Just like he doesn't understand how to design a smartphone, but he has made some hundreds of billions on Apple. His point on bitcoin is completely correct - buying bitcoin is buying a non-productive asset. That's just it. He NEVER said the technology is useless or anything else - he is just saying that AS AN INVESTMENT it doesn't make sense because it does not produce wealth. From his perspective, if you want to actually invest in the technology, you would invest in MININIG, which is how you actually get paid (from transaction fees). Bear in mind that these the same principles he applies to gold - and he has outperformed gold by a very large margin in the long run.
@oneopinion5231
@oneopinion5231 2 жыл бұрын
@@KFGustavo what I meant is he should understand what something is before saying it does or doesn’t work. I don’t mean he needs to know how to read the code. To say it does nothing is incorrect. It does something. It provides a service. Another way to transfer value just like fiat, checks, credit cards, or payment apps like Venmo or PayPal. Thats all. Uber and Airbnb don’t produce anything nor own any taxis or hotels yet they are considered a taxis or hotel companies. If you made no effort into understanding what they do or provide, then you would say people are dumb for investing in them. but they provide a service. They provide a platform for end users. Warren never invested in Microsoft, Apple, Google, Facebook or Netflix in the early days or even when they IPO because as he stated he doesn’t understand what they do or their business model. He invested in Microsoft and Apple pretty recently. He didn’t invest in tech related companies in 90s or 00s. They didn’t “produce” anything. He doesn’t get SaaS types of business models, which is fine he is incredible at understanding other businesses. But my point is at least understand what something is before writing it off. In his investment in Apple he understands what it is they are trying to do before he made his investment which is basic principle when making any investment. We don’t just buy something without knowing what it is or what they do. Also,thank you for a civilized reply. Much appreciated. Most of the time people just attack. I’m just looking to have a convo and share opinions and more importantly i like to understand other view points. So thank you again.
@richchay
@richchay 2 жыл бұрын
@@oneopinion5231 to add: Warren has said to have never have sent a email(does not know how). He could have invested early into Amazon as he met Jeff Bezos a few times. But said it was a outlandish dream. Same with Elon. He has a Circle of Competence and only invest things that he understands. Anything Tech related your better of getting advice from people like Peter Thiel. Not to discredit Warren and Charlie as there the best within there realm
@charlesclem
@charlesclem 2 жыл бұрын
A bit concerned about how tired Warren is sounding. Charlie on the other hand is at his energetic best.
@rally_chronicles
@rally_chronicles 2 жыл бұрын
Probably ducking byatches the night before
@happyb6443
@happyb6443 2 жыл бұрын
The reason why Buffett has never bought Bitcoin is the same reason why Buffett has never bought gold.
@rokyericksonroks
@rokyericksonroks 2 жыл бұрын
He prefers productive assets and cash. I don’t see a problem with that.
@StCreed
@StCreed 2 жыл бұрын
It's not, actually. Bitcoin is just a big pile of nothing much. Gold is an age old asset. One that doesn't just vanish into thin air when 9 teens in a villa on the Bahama's decide to go play with it.
@frankdavidson644
@frankdavidson644 2 жыл бұрын
So true 👍
@fahadaddaqal9961
@fahadaddaqal9961 2 жыл бұрын
God bless them
@grahamjackson4543
@grahamjackson4543 2 жыл бұрын
These 2 are great men. Like Ant and Dec. Giving his wealth on passing to all the children in the world. Respect to these legends
@goldandsilverstack3
@goldandsilverstack3 2 жыл бұрын
The dollar is not money sorry sir you ate mistaken. Money is Gold and Silver dollars are federal reserve private bank notes.
@anthonyyoung6489
@anthonyyoung6489 Жыл бұрын
I bought $130 dollars of sees candy last time I went to the USA. Talk about a moat. I hadn’t been back to the USA for 4 years. Sees candy has tripled in price since 2017. And they keep on selling more and more candy. They keep it going and when I come back to Asia the number 1 request is more sees candy. Something to think about.
@Hendrix.Hangry
@Hendrix.Hangry 2 жыл бұрын
What does he mean by look at the Gold on Wall Street after he says bitcoin is a bunch of magic.
@believer2734
@believer2734 2 жыл бұрын
I think you should clarify what he was actually saying about bitcoin. As I understood, He was pointing out that if he owned all of it, no one else would have it but him…it would be of no value (no one else had or used it). That’s why he was pointing out buying a percentage of farm ground, etc…because many own farm ground and it produces, causing trade…so it would be of value.
@Mark.remarking
@Mark.remarking 2 жыл бұрын
Wow the ads ruined this
@celsopedra5844
@celsopedra5844 2 жыл бұрын
I have an idea for Coca-Cola
@clemens_._878
@clemens_._878 2 жыл бұрын
Remarkable
@frang8750
@frang8750 2 жыл бұрын
60 trillion worth of stocks how many people invests in stocks 144 million. Whats are the odds? Same as poker. Sometimes you holdem sometimes you foldem.
@chunglee7531
@chunglee7531 2 жыл бұрын
For what they know, they are the top dogs; but for what they don’t know, I doubt their opinions. BTW, nobody in the world or in the entire human history know everything they should know.
@DenzelLN936
@DenzelLN936 2 жыл бұрын
No shit Sherlock
@mustafaalwan6523
@mustafaalwan6523 2 жыл бұрын
I wonder if the bit on bitcoin was aired in its entirety on cnbc. Since they shill so much for that crap.
@chipchap4658
@chipchap4658 2 жыл бұрын
What they say about Bitcoin can also bei Said about Art. Many people can make the Mona Lisa today... So whats the Point of the prizetag of the original one? It's Just the greed of some collectors or the String believe of some people that some Art ist important... Which IT IS Not for a Lot of other people.... But still Art works AS a Business ... So
@StCreed
@StCreed 2 жыл бұрын
If you have the mona lisa you have something that was painted by Leonardo da Vinci. It's unique and won't be done again. It has a history. If you have a copy that was painted by John Loser from Nowhereville, Montana, it's just paint on a canvas.
@GordanGekko974
@GordanGekko974 2 жыл бұрын
Buffet is a genius, but unfortunately he is wrong about BTC☹️. He does not understand its value, but u can not be always right and understand everything
@josefadams647
@josefadams647 2 жыл бұрын
Explain its value?
@jonc6157
@jonc6157 2 жыл бұрын
"...this is the only money you'll see in your lifetime or even Charlie's" lol
@jasonauger6847
@jasonauger6847 2 жыл бұрын
I would buy Buffettcoin
@libbylepage2323
@libbylepage2323 Жыл бұрын
11:02 ha sometimes being dumb with timing works out in your favour 😅 what’s time to a time lord? Just wibbly wobbly timey wimey stuff
@celsopedra5844
@celsopedra5844 2 жыл бұрын
Warren can you buy my football team as a challenge?
@demiculus
@demiculus 2 жыл бұрын
Next time, please don't edit out the questions.
@vicentemosquera1710
@vicentemosquera1710 2 жыл бұрын
how many sweets has munger eaten during the whole conference? ;)
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